RediShred Capital (CVE:KUT) Reaches New 1-Year High – Time to Buy?

RediShred Capital Corp. (CVE:KUT) reached a new 52-week high on Monday . The company traded as high as C$4.90 and last traded at C$4.89, with a volume of 16800 shares traded. The stock had previously closed at C$4.90.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KUT. Ventum Financial cut their target price on RediShred Capital from C$7.00 to C$5.00 in a research report on Monday, November 25th. Singular Research raised shares of RediShred Capital to a “strong-buy” rating in a report on Monday, September 30th. Finally, Cormark boosted their target price on shares of RediShred Capital from C$5.75 to C$6.00 in a report on Friday, August 30th.

RediShred Capital Trading Down 0.2 %

The company has a debt-to-equity ratio of 69.47, a current ratio of 0.46 and a quick ratio of 1.33. The stock has a 50-day moving average price of C$4.58 and a two-hundred day moving average price of C$3.73. The stock has a market cap of C$89.54 million, a PE ratio of 37.62 and a beta of 1.34.

About RediShred Capital

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.