Zedcor (CVE:ZDC) Trading Up 0.3% – Here’s Why

Zedcor Inc. (CVE:ZDC)’s share price shot up 0.3% on Thursday . The company traded as high as C$3.52 and last traded at C$3.51. 282,555 shares were traded during trading, an increase of 31% from the average session volume of 216,124 shares. The stock had previously closed at C$3.50.

Wall Street Analysts Forecast Growth

ZDC has been the subject of several research reports. Canaccord Genuity Group raised Zedcor to a “strong-buy” rating in a report on Thursday, December 12th. Raymond James lifted their price objective on Zedcor from C$3.25 to C$3.75 in a report on Thursday, November 14th. Finally, Canaccord Genuity Group set a C$4.25 price objective on shares of Zedcor and gave the company a “buy” rating in a report on Thursday, December 12th.

Zedcor Trading Up 0.3 %

The firm has a 50-day simple moving average of C$3.23 and a 200-day simple moving average of C$2.27. The company has a quick ratio of 0.87, a current ratio of 1.51 and a debt-to-equity ratio of 84.82. The stock has a market cap of C$336.12 million, a PE ratio of 170.00 and a beta of 2.48.

Insiders Place Their Bets

In other news, Senior Officer Kyle Jay Cammann Doenz bought 44,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average price of C$2.63 per share, with a total value of C$115,720.00. 30.15% of the stock is owned by corporate insiders.

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.