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Zedcor (CVE:ZDC) Sets New 12-Month High - Here's What Happened

Zedcor logo with Industrials background

Key Points

  • Zedcor Inc. reached a new 52-week high of C$5.76, with a last trading price of C$5.67 and a volume of 23,665 shares traded.
  • Analyst ratings are overwhelmingly positive, with three analysts giving a "Strong Buy" rating and an average price target of C$5.13.
  • The company specializes in technology-based security and surveillance services, operating within the market cap of C$601.03 million and a high PE ratio of 285.50.
  • Interested in Zedcor? Here are five stocks we like better.

Zedcor Inc. (CVE:ZDC - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$5.76 and last traded at C$5.67, with a volume of 23665 shares traded. The stock had previously closed at C$5.65.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stifel Nicolaus set a C$7.00 target price on Zedcor and gave the company a "buy" rating in a research note on Wednesday, August 20th. National Bank Financial upgraded Zedcor to a "strong-buy" rating in a report on Monday, June 23rd. National Bankshares set a C$5.50 price objective on Zedcor and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Finally, Stifel Canada upgraded 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 assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Strong Buy" and an average price target of C$5.13.

Check Out Our Latest Stock Analysis on ZDC

Zedcor Price Performance

The stock has a market cap of C$601.03 million, a PE ratio of 285.50 and a beta of 1.17. The business's 50-day simple moving average is C$4.37 and its 200-day simple moving average is C$3.77. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93.

About Zedcor

(Get Free Report)

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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