Roots (TSE:ROOT) Shares Up 4.5% – Here’s Why

Roots Co. (TSE:ROOT) shares were up 4.5% during trading on Friday . The company traded as high as C$2.31 and last traded at C$2.31. Approximately 72,181 shares were traded during trading, an increase of 320% from the average daily volume of 17,206 shares. The stock had previously closed at C$2.21.

Roots Stock Up 4.5 %

The firm has a market cap of C$92.98 million, a price-to-earnings ratio of 231.00, a PEG ratio of -0.54 and a beta of 2.42. The firm has a 50 day moving average of C$2.14 and a 200 day moving average of C$2.10. The company has a quick ratio of 0.25, a current ratio of 1.11 and a debt-to-equity ratio of 65.71.

Roots Company Profile

Roots Corporation, together with its subsidiaries, designs, markets, and sells apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally. The company operates through two segments, Direct-To-Consumer, and Partners and Other. The Direct-to-Consumer segment sells products through the company's corporate retail stores and ecommerce.