RediShred Capital (CVE:KUT) Reaches New 1-Year High – Should You Buy?

RediShred Capital Corp. (CVE:KUT)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$4.90 and last traded at C$4.87, with a volume of 33300 shares trading hands. The stock had previously closed at C$4.87.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KUT shares. Ventum Financial dropped their price objective on RediShred Capital from C$7.00 to C$5.00 in a research note on Monday, November 25th. Cormark lifted their price target on RediShred Capital from C$5.75 to C$6.00 in a research note on Friday, August 30th. Finally, Singular Research raised RediShred Capital to a “strong-buy” rating in a research note on Monday, September 30th.

RediShred Capital Stock Performance

The stock has a market cap of C$89.17 million, a PE ratio of 37.46 and a beta of 1.34. The company has a fifty day moving average price of C$4.46 and a 200 day moving average price of C$3.65. The company has a quick ratio of 1.33, a current ratio of 0.46 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.