Zedcor (CVE:ZDC) Given a C$1.70 Price Target at Cormark

Zedcor (CVE:ZDC) has been assigned a C$1.70 target price by equities researchers at Cormark in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Cormark’s price objective suggests a potential upside of 60.38% from the stock’s previous close.

Zedcor Trading Up 1.0 %

Shares of CVE ZDC traded up C$0.01 during midday trading on Wednesday, hitting C$1.06. The company’s stock had a trading volume of 115,041 shares, compared to its average volume of 204,522. Zedcor has a 12-month low of C$0.49 and a 12-month high of C$1.19. The company has a current ratio of 0.77, a quick ratio of 0.87 and a debt-to-equity ratio of 227.93. The firm has a market cap of C$82.00 million, a P/E ratio of 13.25 and a beta of 2.29. The business’s 50 day moving average is C$0.81 and its two-hundred day moving average is C$0.68.

Insider Buying and Selling at Zedcor

In related news, Senior Officer Jan Marie Campbell sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of C$1.06, for a total value of C$132,500.00. In related news, Senior Officer James Joseph Leganchuk sold 200,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of C$0.58, for a total transaction of C$116,000.00. Also, Senior Officer Jan Marie Campbell sold 125,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of C$1.06, for a total transaction of C$132,500.00. In the last quarter, insiders have sold 476,000 shares of company stock valued at $335,020. Company insiders own 37.80% of the company’s stock.

Zedcor Company Profile

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