RediShred Capital (CVE:KUT) Hits New 1-Year High - Should You Buy?

Shares of RediShred Capital Corp. (CVE:KUT - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$4.67 and last traded at C$4.25, with a volume of 4762 shares traded. The stock had previously closed at C$4.19.

Wall Street Analysts Forecast Growth

KUT has been the subject of a number of research analyst reports. Cormark lifted their target price on shares of 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 report on Monday, September 30th.

RediShred Capital Price Performance

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 stock has a market cap of C$76.72 million, a P/E ratio of 32.23 and a beta of 1.31. The company's 50 day moving average price is C$3.45 and its two-hundred day moving average price is C$3.17.

RediShred Capital (CVE:KUT - Get Free Report) last released its quarterly earnings results 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 net margin of 3.69% and a return on equity of 5.09%. The business had revenue of C$17.95 million for the quarter, compared to the consensus estimate of C$18.28 million. Equities analysts forecast that RediShred Capital Corp. will post 0.2007114 earnings per share for the current year.

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.