RediShred Capital (CVE:KUT) Sets New 12-Month High – Here’s What Happened

RediShred Capital Corp. (CVE:KUT)’s share price reached a new 52-week high on Monday . The company traded as high as C$4.91 and last traded at C$4.93, with a volume of 55800 shares traded. The stock had previously closed at C$4.91.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KUT. Ventum Financial dropped their target price on RediShred Capital from C$7.00 to C$5.00 in a research report on Monday, November 25th. Singular Research upgraded RediShred Capital to a “strong-buy” rating in a report on Monday, September 30th.

RediShred Capital Stock Up 0.2 %

The company has a market cap of C$90.09 million, a PE ratio of 37.85 and a beta of 1.34. The company has a current ratio of 0.46, a quick ratio of 1.33 and a debt-to-equity ratio of 69.47. The company’s 50 day moving average is C$4.82 and its 200 day moving average is C$3.91.

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.