RediShred Capital (CVE:KUT) Hits New 12-Month High – Here’s Why

RediShred Capital Corp. (CVE:KUT) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.91 and last traded at C$4.93, with a volume of 55800 shares changing hands. The stock had previously closed at C$4.91.

Analyst Ratings Changes

A number of analysts have recently issued reports on KUT shares. Ventum Financial lowered their price objective on shares of RediShred Capital from C$7.00 to C$5.00 in a report on Monday, November 25th. Singular Research upgraded shares of RediShred Capital to a “strong-buy” rating in a report on Monday, September 30th.

RediShred Capital Stock Performance

The stock has a market capitalization of C$90.09 million, a price-to-earnings ratio of 37.85 and a beta of 1.34. The company’s fifty day simple moving average is C$4.83 and its 200 day simple moving average is C$3.93. The company has a quick ratio of 1.33, a current ratio of 0.46 and a debt-to-equity ratio of 69.47.

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.