Roots Corp (TSE:ROOT)’s share price was up 5.9% during trading on Thursday . The stock traded as high as C$2.18 and last traded at C$2.16, approximately 57,821 shares were traded during trading. A decline of 45% from the average daily volume of 105,925 shares. The stock had previously closed at C$2.04.

Several analysts recently commented on ROOT shares. BMO Capital Markets dropped their price objective on Roots from C$5.50 to C$4.00 in a research note on Thursday, September 12th. National Bank Financial dropped their price target on Roots from C$4.25 to C$4.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 12th. TD Securities dropped their price target on Roots from C$5.50 to C$5.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. CIBC dropped their price target on Roots from C$4.50 to C$3.50 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Finally, Royal Bank of Canada dropped their price target on Roots from C$4.50 to C$4.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$4.57.

The company has a market cap of $90.57 million and a P/E ratio of 58.46. The company has a quick ratio of 0.20, a current ratio of 1.01 and a debt-to-equity ratio of 149.42. The business has a fifty day moving average price of C$2.03 and a 200-day moving average price of C$3.04.

About Roots (TSE:ROOT)

Roots Corporation, together with its subsidiaries, provides women's, men's, kids, toddler, and baby apparel; leather goods; footwear; and accessories under the Roots brand. 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 e-commerce.

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