RediShred Capital (CVE:KUT) Raised to “Strong-Buy” at Singular Research

Singular Research upgraded shares of RediShred Capital (CVE:KUT) to a strong-buy rating in a report published on Monday morning, Zacks.com reports.

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

RediShred Capital Stock Up 0.3 %

KUT stock opened at C$3.95 on Monday. The stock has a market cap of C$72.32 million, a P/E ratio of 30.38 and a beta of 1.31. RediShred Capital has a twelve month low of C$2.32 and a twelve month high of C$3.95. The business’s 50-day moving average price is C$3.19 and its 200-day moving average price is C$3.07. The company has a quick ratio of 1.33, a current ratio of 0.46 and a debt-to-equity ratio of 69.47.

RediShred Capital (CVE:KUT) last issued its quarterly earnings results on Wednesday, August 28th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.05. The business had revenue of C$17.95 million during the quarter, compared to analyst estimates of C$18.28 million. RediShred Capital had a return on equity of 5.09% and a net margin of 3.69%. On average, equities research analysts forecast that RediShred Capital will post 0.2007114 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.