RediShred Capital (CVE:KUT) Shares Cross Above 50 Day Moving Average – Here’s Why

RediShred Capital Corp. (CVE:KUT)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$4.96 and traded as high as C$4.96. RediShred Capital shares last traded at C$4.96, with a volume of 990 shares.

RediShred Capital Trading Up 0.2%

The firm has a market capitalization of C$91.31 million, a PE ratio of 129.73 and a beta of 1.34. The firm has a fifty day moving average of C$4.96 and a 200 day moving average of C$4.96. The company has a debt-to-equity ratio of 76.26, a quick ratio of 1.33 and a current ratio of 0.45.

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. The company also provides shredding and destruction services; offers electronic waste disposal services under the Secure e-Cycle brand name; sells recycled paper and other recyclable by-products, such as metals and plastics; and resells electronics.