RediShred Capital Corp. (CVE:KUT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$4.25 and last traded at C$4.12, with a volume of 7100 shares traded. The stock had previously closed at C$4.07.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on KUT shares. Cormark boosted their price objective on RediShred Capital from C$5.75 to C$6.00 in a research note on Friday, August 30th. Singular Research raised RediShred Capital to a "strong-buy" rating in a research note on Monday, September 30th.
Check Out Our Latest Report on RediShred Capital
RediShred Capital Price Performance
The stock has a 50 day simple moving average of C$3.34 and a two-hundred day simple moving average of C$3.13. The company has a market cap of C$76.72 million, a price-to-earnings ratio of 32.23 and a beta of 1.31. The company has a debt-to-equity ratio of 69.47, a current ratio of 0.46 and a quick ratio of 1.33.
RediShred Capital (CVE:KUT - Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported C$0.05 EPS for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of C$18.28 million. On average, equities research analysts predict that RediShred Capital Corp. will post 0.2007114 earnings per share for the current fiscal year.
About RediShred Capital
(
Get Free Report)
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.
Further Reading
Before you consider RediShred Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RediShred Capital wasn't on the list.
While RediShred Capital currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
