Raymond James Reiterates C$3.25 Price Target for Zedcor (CVE:ZDC)

Raymond James set a C$3.25 price objective on Zedcor (CVE:ZDC - Free Report) in a report released on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Zedcor Stock Up 2.2 %

CVE ZDC traded up C$0.06 on Tuesday, reaching C$2.75. The company had a trading volume of 639,924 shares, compared to its average volume of 215,128. The firm has a market capitalization of C$263.34 million, a price-to-earnings ratio of 170.00 and a beta of 2.48. The company's fifty day moving average is C$2.13 and its 200-day moving average is C$1.60. Zedcor has a 1-year low of C$0.49 and a 1-year high of C$2.89. The company has a debt-to-equity ratio of 84.82, a quick ratio of 0.87 and a current ratio of 1.51.

Zedcor (CVE:ZDC - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business 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, research analysts forecast that Zedcor will post 0.0300123 earnings per share for the current fiscal year.

Insider Activity at Zedcor

In related news, Senior Officer Jan Marie Campbell sold 33,333 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$1.75, for a total transaction of C$58,332.75. In other Zedcor news, Senior Officer Kyle Jay Cammann Doenz sold 125,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$1.91, for a total transaction of C$238,987.50. Also, Senior Officer Jan Marie Campbell sold 33,333 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$1.75, for a total value of C$58,332.75. In the last ninety days, insiders bought 47,600 shares of company stock worth $123,477. Insiders own 30.15% of the company's stock.

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.