Ventum Financial Has Lowered Expectations for RediShred Capital (CVE:KUT) Stock Price

RediShred Capital (CVE:KUT) had its target price reduced by research analysts at Ventum Financial from C$7.00 to C$5.00 in a research report issued on Monday,BayStreet.CA reports. Ventum Financial’s target price would indicate a potential upside of 2.67% from the company’s current price.

KUT has been the topic of several other reports. Cormark raised their price target on RediShred Capital from C$5.75 to C$6.00 in a research report on Friday, August 30th. Singular Research upgraded shares of RediShred Capital to a “strong-buy” rating in a research note on Monday, September 30th.

RediShred Capital Price Performance

Shares of KUT remained flat at C$4.87 during mid-day trading on Monday. The stock had a trading volume of 46,857 shares, compared to its average volume of 6,599. RediShred Capital has a one year low of C$2.60 and a one year high of C$4.89. 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 market cap of C$89.17 million, a P/E ratio of 37.46 and a beta of 1.34. The company has a 50-day moving average price of C$4.19 and a two-hundred day moving average price of C$3.49.

RediShred Capital (CVE:KUT) last posted its quarterly earnings results on Wednesday, August 28th. The company reported C$0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.05. The business had revenue of C$17.95 million for 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, analysts predict that RediShred Capital will post 0.237933 earnings per share for the current 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.