RediShred Capital (CVE:KUT) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

RediShred Capital Corp. (CVE:KUTGet Free Report)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$4.96 and traded as low as C$4.95. RediShred Capital shares last traded at C$4.96, with a volume of 990 shares changing hands.

RediShred Capital Price Performance

The stock has a 50 day simple moving average of C$4.96 and a two-hundred day simple moving average of C$4.96. The company has a market cap of C$91.31 million, a price-to-earnings ratio of 129.73 and a beta of 1.34. The company has a debt-to-equity ratio of 76.26, a current ratio of 0.45 and a quick ratio of 1.33.

About RediShred Capital

(Get Free Report)

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. The company also provides shredding and destruction services; offers electronic waste disposal services under the Secure e-Cycle brand name; sells recycled paper and other recyclable by-products, such as metals and plastics; and resells electronics.

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