RediShred Capital (CVE:KUT) Stock Price Up 0.2% – Still a Buy?

Shares of RediShred Capital Corp. (CVE:KUT) were up 0.2% during trading on Monday . The company traded as high as C$4.90 and last traded at C$4.90. Approximately 30,288 shares traded hands during trading, a decline of 27% from the average daily volume of 41,729 shares. The stock had previously closed at C$4.89.

Wall Street Analyst Weigh In

A number of research firms recently commented on KUT. Singular Research upgraded shares of RediShred Capital to a “strong-buy” rating in a research note on Monday, September 30th. Ventum Financial lowered their price target on RediShred Capital from C$7.00 to C$5.00 in a research report on Monday, November 25th.

RediShred Capital Price Performance

The firm has a market capitalization of C$89.72 million, a P/E ratio of 37.69 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 business’s fifty day moving average is C$4.77 and its 200 day moving average is C$3.87.

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.