Raymond James Upgrades Zedcor (CVE:ZDC) to Moderate Buy

Zedcor (CVE:ZDC) was upgraded by equities research analysts at Raymond James to a “moderate buy” rating in a research note issued to investors on Monday, Zacks.com reports.

Zedcor Stock Performance

ZDC opened at C$2.75 on Monday. Zedcor has a twelve month low of C$0.49 and a twelve month high of C$2.89. The stock has a market cap of C$263.34 million, a PE ratio of 170.00 and a beta of 2.48. The business’s 50 day moving average is C$2.13 and its 200-day moving average is C$1.60. 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 announced its earnings results on Tuesday, August 13th. The company reported C$0.02 earnings per share for the quarter. Zedcor had a return on equity of 1.76% and a net margin of 1.43%. The firm had revenue of C$7.37 million for the quarter, compared to the consensus estimate of C$6.40 million. On average, analysts predict that Zedcor will post 0.0300123 earnings per share for the current year.

Insider Activity at Zedcor

In other Zedcor news, Senior Officer Jan Marie Campbell sold 33,333 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$1.75, for a total transaction of C$58,332.75. In other news, Senior Officer Jan Marie Campbell sold 33,333 shares of Zedcor stock in a transaction 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. Also, Senior Officer Kyle Jay Cammann Doenz acquired 44,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average cost of C$2.63 per share, for a total transaction of C$115,720.00. Insiders purchased 47,600 shares of company stock worth $123,477 in the last 90 days. Corporate insiders own 30.15% of the company’s stock.

Zedcor Company Profile

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.