Cormark Analysts Give Zedcor (CVE:ZDC) a C$1.70 Price Target

Cormark set a C$1.70 target price on Zedcor (CVE:ZDC) in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Zedcor Trading Down 2.8 %

CVE ZDC opened at C$1.04 on Wednesday. The company has a market cap of C$80.45 million, a price-to-earnings ratio of 13.00 and a beta of 2.29. Zedcor has a 52 week low of C$0.49 and a 52 week high of C$1.19. The business has a 50 day moving average price of C$0.84 and a 200-day moving average price of C$0.69. The company has a quick ratio of 0.87, a current ratio of 0.77 and a debt-to-equity ratio of 227.93.

Zedcor (CVE:ZDC) last released its quarterly earnings data on Wednesday, April 10th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$5.80 million for the quarter. Zedcor had a net margin of 10.66% and a return on equity of 25.74%. As a group, equities analysts expect that Zedcor will post 0.056 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer James Joseph Leganchuk sold 200,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of C$0.58, for a total transaction of C$116,000.00. In related news, Senior Officer James Joseph Leganchuk sold 200,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of C$0.58, for a total transaction of C$116,000.00. Also, Senior Officer Jan Marie Campbell sold 125,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of C$1.06, for a total value of C$132,500.00. Over the last 90 days, insiders sold 476,000 shares of company stock worth $335,020. 37.80% of the stock is owned by corporate insiders.

About Zedcor

Zedcor Inc provides technology-based security and surveillance services in Canada. The company engages in the provision of rental, service, and remote monitoring of its proprietary MobileyeZ security towers; surveillance and monitoring of fixed site locations; and security personnel. It also engages in mobile and fixed surveillance, security guards, access control, and sensor related technology services.