Roots (TSE:ROOT) Trading 1.2% Higher – Still a Buy?

Roots Co. (TSE:ROOT)’s stock price shot up 1.2% during mid-day trading on Friday . The stock traded as high as C$3.45 and last traded at C$3.45. 8,636 shares traded hands during trading, an increase of 10% from the average session volume of 7,839 shares. The stock had previously closed at C$3.41.

Analyst Upgrades and Downgrades

Separately, TD Securities raised their price objective on Roots from C$3.75 to C$4.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$4.00.

Roots Price Performance

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$3.31 and a 200-day simple moving average of C$3.21. The firm has a market cap of C$136.66 million, a PE ratio of -4.37, a price-to-earnings-growth ratio of -0.54 and a beta of 0.53.

Roots (TSE:ROOT) last released its quarterly earnings data on Wednesday, September 10th. The company reported C($0.11) earnings per share for the quarter. Roots had a return on equity of 1.58% and a net margin of 1.11%.The business had revenue of C$50.77 million during the quarter. Equities analysts anticipate that Roots Co. will post 0.29 earnings per share for the current fiscal year.

About Roots

Roots Corp provides a portfolio of apparel, leather goods, accessories, and footwear for men, women, and children under the Roots brand. Its merchandise includes genuine leather, such as jackets, bags, and luggage; kids & baby clothing; and leather, linens, towels, and accessories. The company operates through two segments: Direct-To-Consumer, which accounts for majority revenue, and Partners & Other.