Roots (TSE:ROOT) Trading Down 0.6% – Here’s What Happened

Roots Co. (TSE:ROOT) fell 0.6% during trading on Friday . The stock traded as low as C$3.20 and last traded at C$3.25. 6,206 shares traded hands during trading, an increase of 51% from the average session volume of 4,107 shares. The stock had previously closed at C$3.27.

Roots Stock Down 0.6%

The company has a market capitalization of C$127.45 million, a P/E ratio of -4.06, a price-to-earnings-growth ratio of -0.54 and a beta of 0.33. The company has a debt-to-equity ratio of 69.31, a quick ratio of 0.25 and a current ratio of 1.31. The firm’s fifty day moving average is C$3.21 and its 200-day moving average is C$3.21.

Roots (TSE:ROOT) last issued its quarterly earnings data on Wednesday, December 10th. The company reported C$0.06 EPS for the quarter. The business had revenue of C$71.47 million during the quarter. Roots had a net margin of 1.11% and a return on equity of 1.58%. As a group, equities research analysts predict that Roots Co. will post 0.29 EPS for the current 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. The DTC segment sells products through the company’s corporate retail stores and e-commerce. The Partners & Other segment engage in the wholesale of Roots branded products to the company’s international operating partner, and it earns royalties on the retail sales of Roots-branded products.