RediShred Capital (CVE:KUT) Reaches New 12-Month High at $3.60

RediShred Capital Corp. (CVE:KUT) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$3.60 and last traded at C$3.55, with a volume of 13063 shares trading hands. The stock had previously closed at C$3.52.

Analyst Upgrades and Downgrades

Separately, Cormark raised their target price on shares of RediShred Capital from C$5.75 to C$6.00 in a research note on Friday, August 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 stock has a 50 day simple moving average of C$3.07 and a two-hundred day simple moving average of C$3.01. The company has a market cap of C$65.00 million, a price-to-earnings ratio of 27.08 and a beta of 1.31.

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.