RediShred Capital (CVE:KUT) Reaches New 52-Week High – What’s Next?

RediShred Capital Corp. (CVE:KUT)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.96 and last traded at C$4.96, with a volume of 3300 shares trading hands. The stock had previously closed at C$4.95.

Wall Street Analyst Weigh In

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

RediShred Capital Stock Performance

The firm has a market capitalization of C$90.63 million, a P/E ratio of 38.08 and a beta of 1.34. The company has a current ratio of 0.46, a quick ratio of 1.33 and a debt-to-equity ratio of 69.47. The company has a 50-day moving average of C$4.86 and a 200-day moving average of C$4.03.

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.