Ventum Financial Lowers RediShred Capital (CVE:KUT) Price Target to C$5.00

RediShred Capital (CVE:KUT) had its price objective lowered by Ventum Financial from C$7.00 to C$5.00 in a research report released on Monday,BayStreet.CA reports.

Several other research firms have also issued reports on KUT. Singular Research upgraded RediShred Capital to a “strong-buy” rating in a research report on Monday, September 30th. Cormark boosted their price objective on shares of RediShred Capital from C$5.75 to C$6.00 in a report on Friday, August 30th.

RediShred Capital Stock Performance

Shares of RediShred Capital stock opened at C$4.86 on Monday. The firm has a fifty day moving average of C$4.29 and a two-hundred day moving average of C$3.53. The company has a debt-to-equity ratio of 69.47, a quick ratio of 1.33 and a current ratio of 0.46. The stock has a market capitalization of C$88.99 million, a price-to-earnings ratio of 37.38 and a beta of 1.34. RediShred Capital has a 52 week low of C$2.60 and a 52 week high of C$4.89.

RediShred Capital (CVE:KUT) last announced its quarterly earnings data on Wednesday, August 28th. The company reported C$0.05 EPS for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of C$18.28 million. As a group, equities research analysts predict that RediShred Capital will post 0.237933 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.