RediShred Capital (CVE:KUT) Upgraded to “Strong-Buy” by Singular Research

RediShred Capital (CVE:KUT) was upgraded by investment analysts at Singular Research to a “strong-buy” rating in a research note issued on Monday, Zacks.com reports.

Separately, Cormark raised their target price on shares of RediShred Capital from C$5.75 to C$6.00 in a research note on Friday, August 30th.

RediShred Capital Trading Up 2.6 %

CVE:KUT opened at C$3.94 on Monday. RediShred Capital has a one year low of C$2.32 and a one year high of C$3.95. The business has a fifty day moving average price of C$3.19 and a 200-day moving average price of C$3.07. The firm has a market capitalization of C$72.14 million, a price-to-earnings ratio of 30.31 and a beta of 1.31. The company has a debt-to-equity ratio of 69.47, a current ratio of 0.46 and a quick ratio of 1.33.

RediShred Capital (CVE:KUT) last issued its quarterly earnings results 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. Sell-side analysts forecast that RediShred Capital will post 0.1998874 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.