RediShred Capital (CVE:KUT) Shares Up 0.2% – Here’s Why

RediShred Capital Corp. (CVE:KUT)’s share price shot up 0.2% on Monday . The stock traded as high as C$4.96 and last traded at C$4.96. 990 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 40,833 shares. The stock had previously closed at C$4.95.

Analyst Ratings Changes

Separately, Ventum Financial dropped their target price on shares of RediShred Capital from C$7.00 to C$5.00 in a research report on Monday, November 25th.

RediShred Capital Price Performance

The stock’s 50-day moving average is C$4.92 and its 200 day moving average is C$4.25. The stock has a market capitalization of C$91.31 million, a PE ratio of 129.73 and a beta of 1.34. The company has a quick ratio of 1.33, a current ratio of 0.42 and a debt-to-equity ratio of 77.90.

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.