RediShred Capital (CVE:KUT) Reaches New 12-Month High – What’s Next?

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Singular Research upgraded RediShred Capital to a “strong-buy” rating in a research report on Monday, September 30th. Ventum Financial reduced 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 has a debt-to-equity ratio of 69.47, a quick ratio of 1.33 and a current ratio of 0.46. The firm’s fifty day simple moving average is C$4.82 and its 200 day simple moving average is C$3.91. The firm has a market cap of C$90.09 million, a P/E ratio of 37.85 and a beta of 1.34.

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.