RediShred Capital Corp. (CVE:KUT – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$4.67 and last traded at C$4.25, with a volume of 4762 shares changing hands. The stock had previously closed at C$4.19.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on KUT. Cormark boosted their price objective on 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.
Check Out Our Latest Stock Report on RediShred Capital
RediShred Capital Price Performance
RediShred Capital (CVE:KUT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported C$0.05 EPS for the quarter, meeting analysts’ consensus estimates of C$0.05. RediShred Capital had a return on equity of 5.09% and a net margin of 3.69%. The company had revenue of C$17.95 million during the quarter, compared to analyst estimates of C$18.28 million. On average, analysts anticipate that RediShred Capital Corp. will post 0.2007114 earnings per share for the current 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.
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