Roots (OTCMKTS:RROTF – Get Free Report) is anticipated to post its resultson Friday, June 12th. Analysts expect Roots to post earnings of ($0.1251) per share and revenue of $85.1740 million for the quarter.
Roots Price Performance
OTCMKTS RROTF opened at $3.22 on Friday. Roots has a 52 week low of $1.96 and a 52 week high of $3.22. The firm’s 50-day simple moving average is $2.84 and its two-hundred day simple moving average is $2.48.
Wall Street Analyst Weigh In
Separately, TD Securities lowered shares of Roots from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Roots presently has an average rating of “Hold”.
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.
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