RediShred Capital (CVE:KUT) Price Target Lowered to C$5.00 at Ventum Financial

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

Several other research firms have also recently weighed in on KUT. Singular Research upgraded shares of RediShred Capital to a “strong-buy” rating in a research report on Monday, September 30th. Cormark increased their target price on RediShred Capital from C$5.75 to C$6.00 in a research note on Friday, August 30th.

RediShred Capital Stock Performance

Shares of KUT stock opened at C$4.87 on Monday. RediShred Capital has a 52-week low of C$2.60 and a 52-week high of C$4.89. The business’s fifty day moving average is C$4.22 and its 200 day moving average is C$3.51. 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 capitalization of C$89.17 million, a PE ratio of 37.46 and a beta of 1.34.

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, meeting analysts’ consensus estimates of C$0.05. The firm had revenue of C$17.95 million during the quarter, compared to the consensus estimate 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 anticipate that RediShred Capital will post 0.237933 EPS for the current fiscal 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.