RediShred Capital (CVE:KUT) Hits New 12-Month High – Still a Buy?

RediShred Capital Corp. (CVE:KUT) hit a new 52-week high on Friday . The stock traded as high as C$4.89 and last traded at C$4.87, with a volume of 105706 shares. The stock had previously closed at C$4.11.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Cormark boosted their price target on RediShred Capital from C$5.75 to C$6.00 in a research note on Friday, August 30th. Singular Research raised shares of RediShred Capital to a “strong-buy” rating in a research report on Monday, September 30th.

RediShred Capital Stock Performance

The stock has a market capitalization of C$89.17 million, a price-to-earnings ratio of 37.46 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 firm has a 50-day moving average of C$4.19 and a 200-day moving average of C$3.49.

RediShred Capital (CVE:KUT) last announced its quarterly earnings data on Wednesday, August 28th. The company reported C$0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.05. RediShred Capital had a return on equity of 5.09% and a net margin of 3.69%. The business had revenue of C$17.95 million for the quarter, compared to analyst estimates 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.