Roots (TSE:ROOT) Trading 0.3% Higher – Should You Buy?

Roots Co. (TSE:ROOT) shares shot up 0.3% during mid-day trading on Friday . The stock traded as high as C$3.30 and last traded at C$3.30. 3,209 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 8,090 shares. The stock had previously closed at C$3.29.

Wall Street Analysts Forecast Growth

Separately, TD Securities increased their price target on Roots from C$3.75 to C$4.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Roots has an average rating of “Buy” and an average target price of C$4.00.

Roots Trading Up 0.3%

The business has a 50 day moving average of C$3.28 and a two-hundred day moving average of C$3.17. The firm has a market capitalization of C$130.72 million, a price-to-earnings ratio of -4.18, a P/E/G ratio of -0.54 and a beta of 0.64. The company has a debt-to-equity ratio of 69.31, a quick ratio of 0.25 and a current ratio of 1.31.

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

Roots Company Profile

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.