Zedcor (CVE:ZDC) Sets New 52-Week High – Here’s Why

Zedcor Inc. (CVE:ZDC)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$6.75 and last traded at C$6.71, with a volume of 3630054 shares. The stock had previously closed at C$6.57.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ZDC. Stifel Canada raised Zedcor to a “strong-buy” rating in a research note on Tuesday, August 19th. National Bankshares boosted their target price on Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Canaccord Genuity Group boosted their target price on Zedcor from C$5.25 to C$7.00 in a research note on Friday, October 17th. Desjardins set a C$7.50 price objective on Zedcor and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Stifel Nicolaus set a C$7.00 price objective on Zedcor and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Three research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Zedcor presently has a consensus rating of “Buy” and an average price target of C$6.17.

Zedcor Stock Up 2.1%

The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87. The company has a market capitalization of C$706.29 million, a price-to-earnings ratio of 335.50 and a beta of 1.17. The firm has a 50-day moving average price of C$4.97 and a two-hundred day moving average price of C$4.12.

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.