Zedcor (CVE:ZDC) Upgraded by Raymond James to Moderate Buy Rating

Raymond James upgraded shares of Zedcor (CVE:ZDC) to a moderate buy rating in a research note issued to investors on Monday, Zacks.com reports. Raymond James also issued estimates for Zedcor’s Q3 2024 earnings at $0.00 EPS, Q4 2024 earnings at $0.00 EPS, FY2024 earnings at $0.02 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.00 EPS, FY2025 earnings at $0.04 EPS, Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at $0.02 EPS and FY2026 earnings at $0.07 EPS.

Zedcor Price Performance

CVE ZDC opened at C$2.79 on Monday. The firm has a market cap of C$267.17 million, a PE ratio of 170.00 and a beta of 2.48. Zedcor has a one year low of C$0.49 and a one year high of C$2.89. The stock’s 50 day simple moving average is C$2.16 and its 200 day simple moving average is C$1.61. The company has a debt-to-equity ratio of 84.82, a current ratio of 1.51 and a quick ratio of 0.87.

Zedcor (CVE:ZDC) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$7.37 million for the quarter, compared to analyst estimates of C$6.40 million. Zedcor had a return on equity of 1.76% and a net margin of 1.43%. As a group, sell-side analysts forecast that Zedcor will post 0.0300123 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zedcor news, Senior Officer Kyle Jay Cammann Doenz sold 125,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$1.91, for a total value of C$238,987.50. In other Zedcor news, Senior Officer Jan Marie Campbell sold 33,333 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$1.75, for a total value of C$58,332.75. Also, Senior Officer Kyle Jay Cammann Doenz sold 125,000 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$1.91, for a total value of C$238,987.50. Insiders have acquired a total of 47,600 shares of company stock worth $123,477 in the last three months. 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.