Roots (TSE:ROOT) Stock Price Down 4.1% – What’s Next?

Roots Co. (TSE:ROOT)’s share price dropped 4.1% on Monday . The company traded as low as C$2.97 and last traded at C$3.01. Approximately 930 shares were traded during trading, a decline of 79% from the average daily volume of 4,500 shares. The stock had previously closed at C$3.14.

Roots Price Performance

The company has a debt-to-equity ratio of 85.26, a quick ratio of 0.25 and a current ratio of 1.41. The business has a 50 day moving average price of C$3.09 and a 200-day moving average price of C$3.20. The company has a market capitalization of C$118.03 million, a price-to-earnings ratio of -3.76, a P/E/G ratio of -0.54 and a beta of 0.30.

Roots (TSE:ROOT) last released its earnings results on Wednesday, December 10th. The company reported C$0.06 EPS for the quarter. Roots had a negative return on equity of 21.42% and a negative net margin of 11.62%.The business had revenue of C$71.47 million during the quarter. Research analysts predict that Roots Co. will post 0.29 EPS 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. 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.