Roots (OTCMKTS:RROTF) Shares Down 1.2% – Here’s What Happened

Roots Co. (OTCMKTS:RROTF)’s stock price fell 1.2% on Wednesday . The company traded as low as $2.81 and last traded at $2.81. 555 shares changed hands during trading, a decline of 78% from the average session volume of 2,505 shares. The stock had previously closed at $2.8455.

Analysts Set New Price Targets

Separately, TD Securities downgraded Roots from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Roots Price Performance

The firm has a 50 day moving average price of $2.44 and a two-hundred day moving average price of $2.36.

Roots Company Profile

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.