Zedcor (CVE:ZDC) Price Target Raised to C$3.75 at Raymond James

Zedcor (CVE:ZDC) had its price objective lifted by Raymond James from C$3.25 to C$3.75 in a report released on Thursday morning,BayStreet.CA reports.

Zedcor Stock Up 1.6 %

Shares of CVE:ZDC traded up C$0.05 during mid-day trading on Thursday, hitting C$3.24. 315,028 shares of the company traded hands, compared to its average volume of 218,495. 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 firm’s 50 day simple moving average is C$2.42 and its 200 day simple moving average is C$1.75. The firm has a market cap of C$310.26 million, a P/E ratio of 170.00 and a beta of 2.48. Zedcor has a 52-week low of C$0.49 and a 52-week high of C$3.37.

Zedcor (CVE:ZDC) last posted its earnings results on Tuesday, August 13th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$7.37 million during the quarter, compared to analysts’ expectations of C$6.40 million. Zedcor had a net margin of 1.43% and a return on equity of 1.76%. On average, equities analysts anticipate that Zedcor will post 0.0300123 EPS for the current year.

Insider Activity at Zedcor

In related news, Senior Officer Kyle Jay Cammann Doenz acquired 44,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average price of C$2.63 per share, with a total value of C$115,720.00. Also, Senior Officer Jan Marie Campbell sold 33,333 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$1.75, for a total value of C$58,332.75. Insiders acquired a total of 47,600 shares of company stock worth $123,477 in the last 90 days. 30.15% of the stock is owned by company 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.