Zedcor (CVE:ZDC) Sets New 1-Year High - Time to Buy?

Key Points

• Zedcor Inc. shares reached a new 52-week high, trading at C$6.27, with analysts giving the stock a consensus rating of "Strong Buy" and a price target of C$5.90.
• Analyst upgrades, including a price target increase to C$7.50 by National Bankshares, indicate strong confidence in Zedcor's market performance.
• The company offers security and surveillance services in Canada, highlighted by its proprietary MobileyeZ security towers, showcasing its technological focus in the industry.

Zedcor Inc. (CVE:ZDC - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$6.27 and last traded at C$6.14, with a volume of 835730 shares changing hands. The stock had previously closed at C$6.10.

Analyst Ratings Changes

ZDC has been the topic of several research analyst reports. Stifel Nicolaus set a C$7.00 price objective on Zedcor and gave the company a "buy" rating in a report on Wednesday, August 20th. National Bankshares lifted their price target on Zedcor from C$5.50 to C$7.50 and gave the stock an "outperform" rating in a research note on Thursday, October 9th. Canaccord Genuity Group lifted their price target on Zedcor from C$5.25 to C$7.00 in a research note on Friday, October 17th. Finally, Stifel Canada raised Zedcor to a "strong-buy" rating in a research note on Tuesday, August 19th. Three research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, Zedcor presently has a consensus rating of "Strong Buy" and a consensus price target of C$5.90.

Zedcor Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93. The company has a market cap of C$652.61 million, a PE ratio of 310.00 and a beta of 1.17. The stock has a 50-day simple moving average of C$4.80 and a 200 day simple moving average of C$4.01.

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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