RediShred Capital (CVE:KUT) Trading 1.5% Higher

RediShred Capital Corp. (CVE:KUT) traded up 1.5% during trading on Monday . The stock traded as high as C$3.45 and last traded at C$3.45. 564 shares traded hands during trading, a decline of 91% from the average session volume of 6,047 shares. The stock had previously closed at C$3.40.

RediShred Capital Stock Performance

The company has a 50 day simple moving average of C$3.09 and a 200 day simple moving average of C$2.96. The company has a quick ratio of 1.33, a current ratio of 0.45 and a debt-to-equity ratio of 76.26. The stock has a market cap of C$63.14 million, a price-to-earnings ratio of -345.00 and a beta of 1.31.

RediShred Capital (CVE:KUT) last announced its earnings results on Tuesday, May 28th. The company reported C$0.10 EPS for the quarter, beating the consensus estimate of C$0.04 by C$0.06. The business had revenue of C$17.17 million for the quarter, compared to analysts’ expectations of C$17.59 million. RediShred Capital had a negative return on equity of 1.12% and a negative net margin of 0.80%. As a group, equities research analysts forecast that RediShred Capital Corp. will post 0.1000351 EPS 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.