RediShred Capital (CVE:KUT) Stock Price Down 1.3% – Time to Sell?

RediShred Capital Corp. (CVE:KUT)’s share price was down 1.3% during mid-day trading on Wednesday . The company traded as low as C$4.59 and last traded at C$4.59. Approximately 3,200 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 5,540 shares. The stock had previously closed at C$4.65.

Analyst Ratings Changes

A number of brokerages have commented on KUT. Cormark increased their price objective on shares of RediShred Capital from C$5.75 to C$6.00 in a research report on Friday, August 30th. Singular Research upgraded RediShred Capital to a “strong-buy” rating in a research note on Monday, September 30th.

RediShred Capital Price Performance

The company has a debt-to-equity ratio of 69.47, a current ratio of 0.46 and a quick ratio of 1.33. The company’s 50 day simple moving average is C$3.81 and its 200 day simple moving average is C$3.32. The company has a market capitalization of C$84.04 million, a PE ratio of 35.31 and a beta of 1.34.

RediShred Capital (CVE:KUT) last posted its 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 net margin of 3.69% and a return on equity of 5.09%. The firm had revenue of C$17.95 million for the quarter, compared to the consensus estimate of C$18.28 million. As a group, sell-side analysts predict that RediShred Capital Corp. will post 0.237933 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.