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

Zedcor (CVE:ZDC - Get Free Report) has been assigned a C$1.70 price target by analysts at Cormark in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Cormark's target price suggests a potential upside of 57.41% from the company's previous close.

Zedcor Stock Up 2.9 %

Shares of CVE:ZDC traded up C$0.03 during midday trading on Wednesday, reaching C$1.08. 138,576 shares of the company were exchanged, compared to its average volume of 204,827. The firm has a market cap of C$83.55 million, a PE ratio of 13.75 and a beta of 2.29. Zedcor has a fifty-two week low of C$0.49 and a fifty-two week high of C$1.19. The stock has a fifty day simple moving average of C$0.82 and a two-hundred day simple moving average of C$0.68. The company has a quick ratio of 0.87, a current ratio of 0.77 and a debt-to-equity ratio of 227.93.

Insider Activity at Zedcor

In other news, Senior Officer James Joseph Leganchuk sold 150,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of C$0.57, for a total value of C$85,500.00. In other news, Senior Officer James Joseph Leganchuk sold 150,000 shares of the business's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of C$0.57, for a total transaction of C$85,500.00. Also, Senior Officer Jan Marie Campbell sold 125,000 shares of the company's stock in a transaction dated Friday, April 12th. The shares were sold at an average price of C$1.06, for a total transaction of C$132,500.00. Over the last ninety days, insiders sold 476,000 shares of company stock valued at $335,020. 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.