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

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Singular Research raised shares of RediShred Capital to a “strong-buy” rating in a research note on Monday, September 30th. Ventum Financial reduced their target price on shares of RediShred Capital from C$7.00 to C$5.00 in a research note on Monday, November 25th.

RediShred Capital Price Performance

The firm’s 50 day moving average is C$4.83 and its two-hundred day moving average is C$3.93. The firm has a market cap of C$90.09 million, a P/E ratio of 37.85 and a beta of 1.34. The company has a current ratio of 0.46, a quick ratio of 1.33 and a debt-to-equity ratio of 69.47.

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.