Raymond James Increases Zedcor (CVE:ZDC) Price Target to C$3.75

Zedcor (CVE:ZDC) had its target price raised by Raymond James from C$3.25 to C$3.75 in a report released on Thursday morning,BayStreet.CA reports.

Zedcor Stock Performance

Shares of ZDC traded up C$0.05 on Thursday, reaching C$3.24. 315,028 shares of the company’s stock traded hands, compared to its average volume of 218,495. Zedcor has a 52-week low of C$0.49 and a 52-week high of C$3.37. The stock’s 50 day simple moving average is C$2.42 and its two-hundred day simple moving average is C$1.75. The stock has a market cap of C$310.26 million, a PE ratio of 170.00 and a beta of 2.48. The company has a current ratio of 1.51, a quick ratio of 0.87 and a debt-to-equity ratio of 84.82.

Zedcor (CVE:ZDC) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$7.37 million for the quarter, compared to the consensus estimate of C$6.40 million. Zedcor had a return on equity of 1.76% and a net margin of 1.43%. On average, analysts forecast that Zedcor will post 0.0300123 earnings per share for the current fiscal year.

Insider Transactions at Zedcor

In other Zedcor news, Senior Officer Jan Marie Campbell sold 33,333 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$1.75, for a total value of C$58,332.75. Also, Senior Officer Kyle Jay Cammann Doenz sold 125,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$1.91, for a total transaction of C$238,987.50. In the last three months, insiders have acquired 47,600 shares of company stock worth $123,477. 30.15% of the stock is currently owned by 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.