Roots (OTCMKTS:RROTF) Trading 3.8% Higher – Still a Buy?

Shares of Roots Co. (OTCMKTS:RROTFGet Free Report) were up 3.8% during mid-day trading on Thursday . The company traded as high as $2.34 and last traded at $2.34. Approximately 2,000 shares changed hands during trading, an increase of 194% from the average daily volume of 680 shares. The stock had previously closed at $2.2550.

Roots Stock Up 3.8%

The business has a fifty day moving average price of $2.33 and a 200 day moving average price of $2.31.

About Roots

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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.

Further Reading

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