RediShred Capital (CVE:KUT) Lifted to Strong-Buy at Singular Research

Singular Research upgraded shares of RediShred Capital (CVE:KUT) to a strong-buy rating in a research note released on Monday, Zacks.com reports.

Separately, Cormark upped their price objective on RediShred Capital from C$5.75 to C$6.00 in a research report on Friday, August 30th.

RediShred Capital Trading Up 0.3 %

KUT stock opened at C$3.95 on Monday. RediShred Capital has a twelve month low of C$2.32 and a twelve month high of C$3.95. The stock has a market capitalization of C$72.32 million, a price-to-earnings ratio of 30.38 and a beta of 1.31. The company has a quick ratio of 1.33, a current ratio of 0.46 and a debt-to-equity ratio of 69.47. The firm’s fifty day simple moving average is C$3.19 and its two-hundred day simple moving average is C$3.07.

RediShred Capital (CVE:KUT) last announced its earnings results on Wednesday, August 28th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.05. The business had revenue of C$17.95 million during the quarter, compared to analyst estimates of C$18.28 million. RediShred Capital had a return on equity of 5.09% and a net margin of 3.69%. As a group, analysts anticipate that RediShred Capital will post 0.2007114 earnings per share for the current 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.