RediShred Capital (CVE:KUT) Reaches New 52-Week High – Should You Buy?

RediShred Capital Corp. (CVE:KUT)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$4.96 and last traded at C$4.96, with a volume of 3300 shares traded. The stock had previously closed at C$4.95.

Analyst Ratings Changes

Separately, Ventum Financial cut their price objective on shares of RediShred Capital from C$7.00 to C$5.00 in a research report on Monday, November 25th.

RediShred Capital Price Performance

The company’s 50-day simple moving average is C$4.87 and its 200-day simple moving average is C$4.06. The stock has a market capitalization of C$91.00 million, a price-to-earnings ratio of 38.23 and a beta of 1.34. The company has a debt-to-equity ratio of 69.47, a current ratio of 0.46 and a quick ratio of 1.33.

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.