Roots (TSE:ROOT) Shares Down 6.3% – What’s Next?

Roots Co. (TSE:ROOT) dropped 6.3% on Tuesday . The company traded as low as C$2.40 and last traded at C$2.40. Approximately 7,200 shares traded hands during trading, a decline of 50% from the average daily volume of 14,316 shares. The stock had previously closed at C$2.56.

Roots Trading Down 6.3 %

The company has a current ratio of 1.31, a quick ratio of 0.25 and a debt-to-equity ratio of 69.31. The stock has a 50-day simple moving average of C$2.37 and a two-hundred day simple moving average of C$2.19. The firm has a market capitalization of C$97.07 million, a P/E ratio of 33.54, a price-to-earnings-growth ratio of -0.54 and a beta of 2.42.

Roots Company Profile

Roots Corporation, together with its subsidiaries, designs, markets, and sells apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally. The company operates through two segments, Direct-To-Consumer, and Partners and Other. The Direct-to-Consumer segment sells products through the company's corporate retail stores and ecommerce.