Zedcor (CVE:ZDC) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Zedcor Inc. (CVE:ZDC) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$4.96 and traded as high as C$5.05. Zedcor shares last traded at C$5.05, with a volume of 52,673 shares changing hands.

Analysts Set New Price Targets

Separately, Roth Capital assumed coverage on shares of Zedcor in a research note on Wednesday, November 4th. They issued a “strong-buy” rating for the company. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$8.10.

Zedcor Stock Performance

The company has a debt-to-equity ratio of 92.25, a quick ratio of 0.87 and a current ratio of 0.90. The stock’s fifty day moving average price is C$4.96 and its 200-day moving average price is C$5.40. The company has a market capitalization of C$569.58 million, a P/E ratio of -126.25 and a beta of 1.18.

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. It serves customers in the construction, mining, oil and gas, pipeline and facilities, office, commercial, retail, industrial manufacturing, warehouse, and automotive sectors.