RediShred Capital (CVE:KUT) Hits New 1-Year High – Here’s Why

RediShred Capital Corp. (CVE:KUT) reached a new 52-week high on Wednesday . The stock traded as high as C$4.67 and last traded at C$4.25, with a volume of 4762 shares trading hands. The stock had previously closed at C$4.19.

Wall Street Analysts Forecast Growth

KUT has been the topic of a number of research reports. Singular Research upgraded RediShred Capital to a “strong-buy” rating in a research note on Monday, September 30th. Cormark raised their target price on RediShred Capital from C$5.75 to C$6.00 in a research report on Friday, August 30th.

RediShred Capital Stock Performance

The company has a quick ratio of 1.33, a current ratio of 0.46 and a debt-to-equity ratio of 69.47. The firm has a market capitalization of C$76.72 million, a PE ratio of 32.69 and a beta of 1.31. The stock’s fifty day simple moving average is C$3.42 and its 200 day simple moving average is C$3.17.

RediShred Capital (CVE:KUT) last posted its quarterly earnings data on Wednesday, August 28th. The company reported C$0.05 EPS for the quarter, hitting the consensus estimate of C$0.05. The firm had revenue of C$17.95 million during the quarter, compared to analyst estimates of C$18.28 million. RediShred Capital had a return on equity of 5.09% and a net margin of 3.69%. On average, sell-side analysts predict that RediShred Capital Corp. will post 0.2007114 earnings per share for the current year.

RediShred Capital Company Profile

RediShred Capital Corp., together with its subsidiaries, operates the Proshred franchise and license business in the United States. The company operates through three segments: Franchising and licensing, Corporate Locations, and Corporate. It grants and manages shredding business franchises under the Proshred brand, as well as operates corporate shredding locations.