Zedcor (CVE:ZDC) Trading 1.2% Higher – Here’s Why

Zedcor Inc. (CVE:ZDC)’s stock price rose 1.2% during mid-day trading on Tuesday . The company traded as high as C$3.36 and last traded at C$3.29. Approximately 206,380 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 220,219 shares. The stock had previously closed at C$3.25.

Wall Street Analysts Forecast Growth

Separately, Raymond James increased their price target on Zedcor from C$3.25 to C$3.75 in a research report on Thursday, November 14th.

Zedcor Price Performance

The stock has a market capitalization of C$315.05 million, a P/E ratio of 170.00 and a beta of 2.48. The company has a debt-to-equity ratio of 84.82, a current ratio of 1.51 and a quick ratio of 0.87. The company’s 50-day simple moving average is C$2.91 and its 200-day simple moving average is C$2.03.

Insider Activity

In related news, Senior Officer Kyle Jay Cammann Doenz sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$1.91, for a total transaction of C$238,987.50. In the last ninety days, insiders have bought 47,600 shares of company stock valued at $123,477. 30.15% of the stock is owned by company 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.