Zedcor (CVE:ZDC) Share Price Crosses Above 50 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 traded.

Analysts Set New Price Targets

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

Zedcor Stock Down 1.4%

The firm has a fifty day simple moving average of C$4.96 and a 200-day simple moving average of C$5.39. 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 company has a market capitalization of C$548.15 million, a P/E ratio of -121.50 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.