Zoomd Technologies (CVE:ZOMD) Price Target Cut to C$1.50 by Analysts at ATB Cormark Capital Markets

Zoomd Technologies (CVE:ZOMD) had its price target cut by equities researchers at ATB Cormark Capital Markets from C$2.00 to C$1.50 in a report issued on Tuesday, BayStreet reports. The brokerage presently has a “speculative buy” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 219.15% from the stock’s previous close.

Zoomd Technologies Stock Down 4.1%

Shares of ZOMD traded down C$0.02 on Tuesday, hitting C$0.47. 92,116 shares of the stock traded hands, compared to its average volume of 187,293. The company has a market capitalization of C$47.37 million, a P/E ratio of 4.70 and a beta of -0.42. Zoomd Technologies has a one year low of C$0.39 and a one year high of C$2.74.