Zedcor (CVE:ZDC) Reaches New 1-Year High - Here's What Happened

Key Points

• Zedcor Inc. reached a new 52-week high of C$4.90 on Wednesday, marking significant growth as the stock was last traded at C$4.85 with a volume of 148,144 shares.
• Analysts show strong confidence in Zedcor, with research firms setting prices as high as C$7.00 and a consensus rating of "Strong Buy" among six analysts.
• The company, which specializes in technology-based security services, has a market capitalization of C$497.88 million and a notably high PE ratio of 236.50.

Zedcor Inc. (CVE:ZDC - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as C$4.90 and last traded at C$4.85, with a volume of 148144 shares changing hands. The stock had previously closed at C$4.69.

Analyst Upgrades and Downgrades

A number of research firms have commented on ZDC. Stifel Nicolaus set a C$7.00 price target on shares of Zedcor and gave the stock a "buy" rating in a research report on Wednesday, August 20th. National Bank Financial upgraded shares of Zedcor to a "strong-buy" rating in a research report on Monday, June 23rd. National Bankshares set a C$5.50 price target on shares of Zedcor and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Stifel Canada upgraded shares of Zedcor to a "strong-buy" rating in a research report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat.com, Zedcor has a consensus rating of "Strong Buy" and an average price target of C$5.13.

Zedcor Stock Performance

The firm's 50-day moving average price is C$4.22 and its two-hundred day moving average price is C$3.66. The firm has a market capitalization of C$497.88 million, a PE ratio of 236.50 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93.

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.

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