RediShred Capital (CVE:KUT) Hits New 1-Year High – Here’s What Happened

RediShred Capital Corp. (CVE:KUT)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$4.92 and last traded at C$4.94, with a volume of 3001 shares changing hands. The stock had previously closed at C$4.91.

Analyst Ratings Changes

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 raised shares of RediShred Capital to a “strong-buy” rating in a report on Monday, September 30th.

RediShred Capital Stock Up 0.6 %

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 company’s fifty day moving average price is C$4.84 and its 200-day moving average price is C$3.97. The stock has a market cap of C$90.45 million, a P/E ratio of 38.00 and a beta of 1.34.

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.