RediShred Capital (CVE:KUT) Reaches New 12-Month High – Should You Buy?

RediShred Capital Corp. (CVE:KUT) hit 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 traded. The stock had previously closed at C$4.91.

Wall Street Analysts Forecast Growth

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

RediShred Capital Trading Up 0.6 %

The company has a 50 day moving average of C$4.84 and a two-hundred day moving average of C$3.97. The stock has a market capitalization of C$90.45 million, a PE ratio of 38.00 and a beta of 1.34. 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 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.