Zedcor (CVE:ZDC) Hits New 1-Year High - Should You Buy?

Zedcor Inc. (CVE:ZDC - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$5.14 and last traded at C$4.96, with a volume of 1087547 shares traded. The stock had previously closed at C$4.84.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ZDC. Stifel Nicolaus set a C$7.00 target price on Zedcor and gave the stock a "buy" rating in a report on Wednesday, August 20th. National Bank Financial raised Zedcor to a "strong-buy" rating in a report on Monday, June 23rd. National Bankshares set a C$5.50 price objective on shares of Zedcor and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Finally, Stifel Canada raised shares of Zedcor to a "strong-buy" rating in a report on Tuesday, August 19th. Three research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Strong Buy" and an average target price of C$5.13.

Zedcor Trading Up 2.5%

The business's fifty day simple moving average is C$4.27 and its 200 day simple moving average is C$3.71. The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 78.93. The stock has a market cap of C$522.09 million, a P/E ratio of 248.00 and a beta of 1.16.

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.

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