RediShred Capital (CVE:KUT) Upgraded to Strong-Buy by Singular Research

Singular Research upgraded shares of RediShred Capital (CVE:KUT - Free Report) to a strong-buy rating in a research note issued to investors on Monday, Zacks.com reports.

Separately, Cormark boosted their price target on shares of RediShred Capital from C$5.75 to C$6.00 in a research note on Friday, August 30th.

RediShred Capital Price Performance

Shares of RediShred Capital stock traded up C$0.01 during trading hours on Monday, hitting C$3.95. The company's stock had a trading volume of 7,106 shares, compared to its average volume of 5,631. The company has a debt-to-equity ratio of 69.47, a quick ratio of 1.33 and a current ratio of 0.46. RediShred Capital has a 12-month low of C$2.32 and a 12-month high of C$3.95. The business has a 50 day moving average price of C$3.19 and a two-hundred day moving average price of C$3.07. The company has a market cap of C$72.32 million, a PE ratio of 30.38 and a beta of 1.31.

RediShred Capital (CVE:KUT - Get Free Report) last posted 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. The business had revenue of C$17.95 million during the quarter, compared to the consensus estimate of C$18.28 million. RediShred Capital had a return on equity of 5.09% and a net margin of 3.69%. Analysts expect that RediShred Capital will post 0.2007114 earnings per share 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.