RediShred Capital (CVE:KUT) Shares Up 0.2% – Still a Buy?

RediShred Capital Corp. (CVE:KUT) was up 0.2% during trading on Monday . The stock traded as high as C$4.96 and last traded at C$4.96. Approximately 990 shares traded hands during trading, a decline of 98% from the average daily volume of 40,833 shares. The stock had previously closed at C$4.95.

Wall Street Analysts Forecast Growth

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

RediShred Capital Stock Performance

The firm has a 50 day moving average of C$4.92 and a 200-day moving average of C$4.26. 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 debt-to-equity ratio of 77.90, a quick ratio of 1.33 and a current ratio of 0.42.

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.