RediShred Capital (CVE:KUT) Hits New 52-Week High – Time to Buy?

RediShred Capital Corp. (CVE:KUT)’s share price reached 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.

Analysts Set New Price Targets

KUT has been the subject of a number of recent analyst reports. Singular Research upgraded shares of RediShred Capital to a “strong-buy” rating in a report on Monday, September 30th. Ventum Financial decreased their target price on RediShred Capital from C$7.00 to C$5.00 in a research note on Monday, November 25th.

RediShred Capital Price Performance

The firm has a market cap of C$90.45 million, a P/E ratio of 38.00 and a beta of 1.34. The stock’s 50-day moving average is C$4.85 and its 200-day moving average is C$3.99. 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.