Roots (OTCMKTS:RROTF) Stock Price Up 15.2% – Should You Buy?

Roots Co. (OTCMKTS:RROTF)’s share price traded up 15.2% during trading on Wednesday. The stock traded as high as $2.88 and last traded at $2.88. Approximately 117 shares changed hands during trading, a decline of 93% from the average daily volume of 1,669 shares. The stock had previously closed at $2.50.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RROTF. TD Securities restated a “hold” rating on shares of Roots in a report on Monday, June 8th. TD Cowen downgraded shares of Roots to a “sell” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Roots currently has an average rating of “Reduce”.

Roots Stock Performance

The firm has a 50-day simple moving average of $2.59 and a 200-day simple moving average of $2.71.

Roots Company Profile

Roots Corporation is a Canadian lifestyle brand that designs, manufactures and sells apparel, leather goods, footwear and accessories. Its product range includes casual clothing, outerwear, sweatshirts, athletic wear, bags and leather products, with collections for women, men and children.

Founded in Toronto in 1973 by Michael Budman and Don Green, Roots built its brand around Canadian heritage, outdoor-inspired design and craftsmanship. The company is particularly known for its leather goods and comfortable casual clothing, including its signature sweats and athletic apparel.

Roots serves customers primarily through its retail stores and e-commerce operations in Canada, with a presence in select international markets and distribution through other channels.