RediShred Capital (CVE:KUT) Reaches New 1-Year High – Here’s What Happened

RediShred Capital Corp. (CVE:KUT) hit a new 52-week high during trading on Friday . The stock traded as high as C$4.84 and last traded at C$4.65, with a volume of 1900 shares trading hands. The stock had previously closed at C$4.59.

Analyst Ratings Changes

Several research firms have recently commented on KUT. Cormark upped their price objective on shares of RediShred Capital from C$5.75 to C$6.00 in a report on Friday, August 30th. Singular Research raised shares of RediShred Capital to a “strong-buy” rating in a report on Monday, September 30th.

RediShred Capital Stock Up 5.7 %

The stock has a market cap of C$88.80 million, a PE ratio of 37.31 and a beta of 1.34. The business has a 50 day moving average price of C$3.89 and a 200 day moving average price of C$3.36. The company has a quick ratio of 1.33, a current ratio of 0.46 and a debt-to-equity ratio of 69.47.

RediShred Capital (CVE:KUT) last posted its earnings results on Wednesday, August 28th. The company reported C$0.05 EPS for the quarter, hitting the consensus estimate of C$0.05. RediShred Capital had a return on equity of 5.09% and a net margin of 3.69%. The firm had revenue of C$17.95 million for the quarter, compared to analyst estimates of C$18.28 million. Equities research analysts expect that RediShred Capital Corp. will post 0.237933 EPS for the current fiscal 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.