Roots (OTCMKTS:RROTF) Stock Price Down 0.4% – Here’s Why

Roots Co. (OTCMKTS:RROTF)’s stock price traded down 0.4% during mid-day trading on Tuesday . The company traded as low as $2.41 and last traded at $2.41. 300 shares traded hands during trading, a decline of 60% from the average session volume of 741 shares. The stock had previously closed at $2.42.

Wall Street Analysts Forecast Growth

Separately, TD Securities restated a “buy” rating on shares of Roots in a report on Thursday, September 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Roots Stock Down 0.4%

The company has a 50 day moving average of $2.32 and a 200 day moving average of $2.30.

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.