Zedcor (CVE:ZDC) Stock Price Up 0.3% – Should You Buy?

Zedcor Inc. (CVE:ZDC)’s stock price shot up 0.3% on Thursday . The company traded as high as C$3.52 and last traded at C$3.51. 282,555 shares were traded during trading, an increase of 31% from the average session volume of 216,124 shares. The stock had previously closed at C$3.50.

Analysts Set New Price Targets

Several research analysts recently commented on ZDC shares. Canaccord Genuity Group set a C$4.25 price objective on shares of Zedcor and gave the stock a “buy” rating in a report on Thursday, December 12th. Raymond James upped their target price on Zedcor from C$3.25 to C$3.75 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group raised shares of Zedcor to a “strong-buy” rating in a research note on Thursday, December 12th.

Zedcor Trading Up 4.6 %

The stock has a market capitalization of C$351.44 million, a P/E ratio of 170.00 and a beta of 2.48. The stock’s fifty day moving average price is C$3.25 and its two-hundred day moving average price is C$2.28. The company has a current ratio of 1.51, a quick ratio of 0.87 and a debt-to-equity ratio of 84.82.

Insiders Place Their Bets

In related news, Senior Officer Kyle Jay Cammann Doenz purchased 44,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were acquired at an average cost of C$2.63 per share, with a total value of C$115,720.00. 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.