Zedcor (CVE:ZDC) Shares Up 0.3% – Here’s What Happened

Zedcor Inc. (CVE:ZDC) was up 0.3% on Thursday . The company traded as high as C$3.52 and last traded at C$3.51. Approximately 282,555 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 216,124 shares. The stock had previously closed at C$3.50.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Canaccord Genuity Group raised Zedcor to a “strong-buy” rating in a research note on Thursday, December 12th. Canaccord Genuity Group set a C$4.25 price target on shares of Zedcor and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Raymond James raised their target price on Zedcor from C$3.25 to C$3.75 in a research note on Thursday, November 14th.

Zedcor Price Performance

The company has a debt-to-equity ratio of 84.82, a quick ratio of 0.87 and a current ratio of 1.51. The business has a 50 day simple moving average of C$3.25 and a 200-day simple moving average of C$2.28. The firm has a market cap of C$351.44 million, a price-to-earnings ratio of 170.00 and a beta of 2.48.

Insider Activity

In other Zedcor news, Senior Officer Kyle Jay Cammann Doenz bought 44,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were purchased at an average price of C$2.63 per share, for a total transaction of C$115,720.00. 30.15% of the stock is currently owned by corporate insiders.

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.