Zedcor (CVE:ZDC) Shares Up 3.4% – Here’s Why

Zedcor Inc. (CVE:ZDC)’s share price traded up 3.4% on Monday . The stock traded as high as C$4.34 and last traded at C$4.30. 191,361 shares were traded during mid-day trading, a decline of 3% from the average session volume of 197,000 shares. The stock had previously closed at C$4.16.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. National Bank Financial upgraded shares of Zedcor to a “strong-buy” rating in a report on Monday, June 23rd. National Bankshares set a C$5.00 price target on shares of Zedcor and gave the company an “outperform” rating in a report on Tuesday, June 24th. Two analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price of C$4.33.

Zedcor Price Performance

The company has a market cap of C$416.87 million, a price-to-earnings ratio of 1,068.54 and a beta of 2.48. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93. The company’s fifty day moving average price is C$3.92 and its two-hundred day moving average price is C$3.43.

Zedcor Company Profile

Zedcor Inc provides technology-based security and surveillance services in Canada. It 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. The company also engages in mobile and fixed surveillance, security guards, access control, and sensor related technology services.