RediShred Capital (CVE:KUT) Shares Down 1.3% – Time to Sell?

RediShred Capital Corp. (CVE:KUT) traded down 1.3% during mid-day trading on Wednesday . The stock traded as low as C$4.59 and last traded at C$4.59. 3,200 shares traded hands during trading, a decline of 42% from the average session volume of 5,540 shares. The stock had previously closed at C$4.65.

Analysts Set New Price Targets

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

RediShred Capital Stock Performance

The firm has a fifty day moving average of C$3.81 and a 200 day moving average of C$3.32. The stock has a market cap of C$84.04 million, a price-to-earnings ratio of 35.31 and a beta of 1.34. The company has a debt-to-equity ratio of 69.47, a current ratio of 0.46 and a quick ratio of 1.33.

RediShred Capital (CVE:KUT) last announced its quarterly earnings results on Wednesday, August 28th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.05. RediShred Capital had a net margin of 3.69% and a return on equity of 5.09%. The business had revenue of C$17.95 million during the quarter, compared to the consensus estimate of C$18.28 million. As a group, sell-side analysts forecast that RediShred Capital Corp. will post 0.237933 EPS for the current year.

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.