Roots Co. (OTCMKTS:RROTF – Get Free Report) shot up 1.2% during trading on Thursday . The stock traded as high as $2.8548 and last traded at $2.8548. 1,790 shares traded 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.
Wall Street Analysts Forecast Growth
Separately, TD Securities downgraded Roots from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Read Our Latest Research Report on Roots
Roots Price Performance
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.
See Also
- Five stocks we like better than Roots
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Receive News & Ratings for Roots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roots and related companies with MarketBeat.com's FREE daily email newsletter.
