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

RediShred Capital (CVE:KUT) had its target price reduced by Ventum Financial from C$7.00 to C$5.00 in a research note released on Monday,BayStreet.CA reports.

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

RediShred Capital Price Performance

Shares of RediShred Capital stock opened at C$4.86 on Monday. RediShred Capital has a 1-year low of C$2.60 and a 1-year high of C$4.89. The firm’s 50-day moving average price is C$4.29 and its two-hundred day moving average price is C$3.53. The company has a current ratio of 0.46, a quick ratio of 1.33 and a debt-to-equity ratio of 69.47. The stock has a market capitalization of C$88.99 million, a price-to-earnings ratio of 37.38 and a beta of 1.34.

RediShred Capital (CVE:KUT) last released 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 for the quarter, compared to analyst estimates of C$18.28 million. On average, equities analysts predict that RediShred Capital will post 0.237933 earnings per share 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.