RediShred Capital (CVE:KUT) Given New C$5.00 Price Target at Ventum Financial

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

Several other research analysts also recently commented on the stock. Singular Research raised shares of RediShred Capital to a “strong-buy” rating in a report on Monday, September 30th. Cormark increased 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$4.87 on Monday. The company has a market capitalization of C$89.17 million, a P/E ratio of 37.46 and a beta of 1.34. 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 company has a fifty day moving average of C$4.22 and a 200 day moving average of C$3.51. RediShred Capital has a fifty-two week low of C$2.60 and a fifty-two week high of C$4.89.

RediShred Capital (CVE:KUT) last issued its earnings results on Wednesday, August 28th. The company reported C$0.05 earnings per share for the quarter, hitting the consensus estimate of C$0.05. The company had revenue of C$17.95 million during the quarter, compared to the consensus estimate of C$18.28 million. RediShred Capital had a net margin of 3.69% and a return on equity of 5.09%. On average, sell-side analysts anticipate that RediShred Capital will post 0.237933 earnings per share for the current fiscal 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.