RediShred Capital (CVE:KUT) Stock Price Passes Below 200 Day Moving Average – What’s Next?

RediShred Capital Corp. (CVE:KUT)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

RediShred Capital Stock Performance

The company has a quick ratio of 1.33, a current ratio of 0.45 and a debt-to-equity ratio of 76.26. The stock 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 50 day simple moving average of C$4.96 and a 200 day simple moving average of C$4.96.

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. 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.