RediShred Capital (CVE:KUT) Hits New 52-Week High – Time to Buy?

RediShred Capital Corp. (CVE:KUT) shares reached a new 52-week high on Monday . The company traded as high as C$4.92 and last traded at C$4.94, with a volume of 3001 shares. The stock had previously closed at C$4.91.

Analyst Ratings Changes

Several brokerages recently commented on KUT. Ventum Financial lowered their price target on RediShred Capital from C$7.00 to C$5.00 in a research note on Monday, November 25th. Singular Research raised shares of RediShred Capital to a “strong-buy” rating in a research report on Monday, September 30th.

RediShred Capital Trading Up 0.6 %

The company has a fifty day simple moving average of C$4.85 and a two-hundred day simple moving average of C$3.99. The company has a market capitalization of C$90.45 million, a P/E ratio of 38.00 and a beta of 1.34. The company has a debt-to-equity ratio of 69.47, a current ratio of 0.46 and a quick ratio of 1.33.

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.