Roots (OTCMKTS:RROTF) Trading 1.2% Higher – Still a Buy?

Roots Co. (OTCMKTS:RROTF)’s share price traded up 1.2% on Thursday . The company traded as high as $2.8548 and last traded at $2.8548. 1,790 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 2,168 shares. The stock had previously closed at $2.82.

Analyst Ratings Changes

Separately, TD Securities cut shares of Roots from a “buy” rating to a “hold” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Roots presently has a consensus rating of “Hold”.

Roots Price Performance

The stock’s 50 day moving average price is $2.60 and its two-hundred day moving average price is $2.41.

About Roots

Roots Corporation is a Canadian apparel and lifestyle brand known for its premium casual wear, leather goods and accessories. Founded in 1973 by Michael Budman and Don Green, the company built its reputation on high-quality craftsmanship and understated design. Over time, Roots has expanded its product offerings to include clothing for men, women and youth, as well as footwear, leather handbags, travel bags and small leather accessories such as wallets and belts.

Operating a vertically integrated model, Roots oversees design, sourcing, manufacturing and distribution to maintain control over quality and costs.