Zedcor (CVE:ZDC) PT Set at C$1.70 by Cormark

Zedcor (CVE:ZDC) has been assigned a C$1.70 price objective by Cormark in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Cormark’s target price suggests a potential upside of 58.88% from the stock’s current price.

Zedcor Price Performance

Shares of CVE:ZDC opened at C$1.07 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.77 and a debt-to-equity ratio of 227.93. The company has a market cap of C$82.78 million, a P/E ratio of 13.38 and a beta of 2.29. Zedcor has a 52 week low of C$0.49 and a 52 week high of C$1.19. The company has a 50-day moving average price of C$0.83 and a 200 day moving average price of C$0.69.

Zedcor (CVE:ZDC) last announced its quarterly earnings data on Wednesday, April 10th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$5.80 million during the quarter. Zedcor had a net margin of 10.66% and a return on equity of 25.74%. Research analysts predict that Zedcor will post 0.056 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Jan Marie Campbell sold 125,000 shares of Zedcor stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$1.06, for a total transaction of C$132,500.00. In related news, Senior Officer Jan Marie Campbell sold 125,000 shares of Zedcor stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$1.06, for a total transaction of C$132,500.00. Also, Senior Officer James Joseph Leganchuk sold 200,000 shares of Zedcor stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of C$0.58, for a total transaction of C$116,000.00. In the last three months, insiders sold 476,000 shares of company stock worth $335,020. Company insiders own 37.80% of the company’s stock.

About Zedcor

Zedcor Inc provides technology-based security and surveillance services in Canada. The company 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. It also engages in mobile and fixed surveillance, security guards, access control, and sensor related technology services.