Roots (TSE:ROOT) Trading 1.2% Higher - Still a Buy?

Roots Co. (TSE:ROOT - Get Free Report)'s stock price shot up 1.2% during mid-day trading on Friday . The stock traded as high as C$3.45 and last traded at C$3.45. 8,636 shares traded hands during trading, an increase of 10% from the average session volume of 7,839 shares. The stock had previously closed at C$3.41.Analyst Upgrades and DowngradesSeparately, TD Securities raised their price objective on Roots from C$3.75 to C$4.00 and gave the stock a "buy" rating in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$4.00.View Our Latest Stock Report on RootsRoots Price PerformanceThe company has a current ratio of 1.31, a quick ratio of 0.25 and a debt-to-equity ratio of 69.31. The stock has a 50 day simple moving average of C$3.31 and a 200-day simple moving average of C$3.21. The firm has a market cap of C$136.66 million, a PE ratio of -4.37, a price-to-earnings-growth ratio of -0.54 and a beta of 0.53. Roots (TSE:ROOT - Get Free Report) last released its quarterly earnings data on Wednesday, September 10th. The company reported C($0.11) earnings per share for the quarter. Roots had a return on equity of 1.58% and a net margin of 1.11%.The business had revenue of C$50.77 million during the quarter. Equities analysts anticipate that Roots Co. will post 0.29 earnings per share for the current fiscal year. About Roots (Get Free Report)Roots Corp provides a portfolio of apparel, leather goods, accessories, and footwear for men, women, and children under the Roots brand. Its merchandise includes genuine leather, such as jackets, bags, and luggage; kids & baby clothing; and leather, linens, towels, and accessories. The company operates through two segments: Direct-To-Consumer, which accounts for majority revenue, and Partners & Other.See AlsoFive stocks we like better than RootsPros And Cons Of Monthly Dividend StocksRocket Lab’s Big Rebound? Analysts Suggest the Dip's a GiftTrading Stocks: RSI and Why it's UsefulMeta’s AI Moment? New SAM 3 Model Has Wall Street Turning BullishWant to Profit on the Downtrend? Downtrends, Explained.Snowflake Stock: The Dip That Smart Investors Are Buying Right NowThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Roots Right Now?Before you consider Roots, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roots wasn't on the list.While Roots currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here