RediShred Capital (CVE:KUT) Sets New 1-Year High at $3.95

RediShred Capital Corp. (CVE:KUT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$3.95 and last traded at C$3.95, with a volume of 7106 shares trading hands. The stock had previously closed at C$3.94.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Cormark raised their target price on RediShred Capital from C$5.75 to C$6.00 in a research report on Friday, August 30th. Singular Research raised RediShred Capital to a "strong-buy" rating in a research report on Monday.

RediShred Capital Trading Up 0.3 %

The stock has a market capitalization of C$72.32 million, a PE ratio of 30.38 and a beta of 1.31. The firm has a 50-day moving average price of C$3.19 and a 200-day moving average price of C$3.07. The company has a current ratio of 0.46, a quick ratio of 1.33 and a debt-to-equity ratio of 69.47.

RediShred Capital (CVE:KUT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported C$0.05 earnings per share for the quarter, hitting the consensus estimate of C$0.05. RediShred Capital had a return on equity of 5.09% and a net margin of 3.69%. The company had revenue of C$17.95 million during the quarter, compared to analyst estimates of C$18.28 million. As a group, equities analysts forecast that RediShred Capital Corp. will post 0.2007114 EPS for the current fiscal year.

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.