RediShred Capital (CVE:KUT) Releases Earnings Results

RediShred Capital (CVE:KUT) announced its quarterly earnings data on Monday. The company reported C($0.07) earnings per share for the quarter, reports. The firm had revenue of C$16.82 million for the quarter. RediShred Capital had a negative net margin of 0.41% and a negative return on equity of 0.55%.

RediShred Capital Price Performance

KUT opened at C$2.79 on Thursday. The stock’s 50 day simple moving average is C$2.79 and its 200 day simple moving average is C$2.86. The company has a debt-to-equity ratio of 77.38, a current ratio of 0.81 and a quick ratio of 1.33. RediShred Capital has a 1 year low of C$2.32 and a 1 year high of C$4.33. The firm has a market cap of C$51.06 million, a price-to-earnings ratio of -279.00 and a beta of 1.31.

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 fifteen corporate shredding locations.