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

Zedcor Inc. (CVE:ZDC) shares shot up 3.4% on Monday . The company traded as high as C$4.34 and last traded at C$4.30. 191,361 shares changed hands during trading, a decline of 3% from the average session volume of 197,000 shares. The stock had previously closed at C$4.16.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZDC. National Bankshares set a C$5.00 price target on shares of Zedcor and gave the stock an “outperform” rating in a research note on Tuesday, June 24th. National Bank Financial raised shares of Zedcor to a “strong-buy” rating in a research note on Monday, June 23rd. Two investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus price target of C$4.33.

Zedcor Price Performance

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 stock has a market cap of C$416.87 million, a P/E ratio of 1,068.54 and a beta of 2.48. The company’s 50 day simple moving average is C$3.92 and its 200 day simple moving average is C$3.43.

About Zedcor

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.