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

Zedcor Inc. (CVE:ZDC) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty 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.

Analysts Set New Price Targets

Separately, Roth Capital started coverage on Zedcor in a report on Wednesday, November 4th. They set a “strong-buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$8.10.

Zedcor Trading Up 3.1%

The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 92.25. The firm has a market capitalization of C$569.58 million, a P/E ratio of -126.25 and a beta of 1.18. The firm has a 50 day moving average of C$4.96 and a 200-day moving average of C$5.40.

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