ATB Cormark Capital Markets Cuts Zoomd Technologies (CVE:ZOMD) Price Target to C$1.50

Zoomd Technologies (CVE:ZOMD) had its target price decreased by equities research analysts at ATB Cormark Capital Markets from C$2.00 to C$1.50 in a research note issued on Tuesday, BayStreet reports. The brokerage currently has a “speculative buy” rating on the stock. ATB Cormark Capital Markets’ target price indicates a potential upside of 219.15% from the company’s current price.

Zoomd Technologies Trading Down 4.1%

Shares of CVE:ZOMD traded down C$0.02 during mid-day trading on Tuesday, reaching C$0.47. 92,116 shares of the company traded hands, compared to its average volume of 187,293. The company has a market cap of C$47.37 million, a PE ratio of 4.70 and a beta of -0.42. Zoomd Technologies has a 52 week low of C$0.39 and a 52 week high of C$2.74.