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SSC Security Services ( (TSE:SECU) ) has provided an update.
SSC Security Services Corp. reported strong third-quarter results with improved margins, higher adjusted EBITDA, and ongoing share buybacks. The company saw a 1.7% increase in revenue to $30.2 million and a gross profit of $5.3 million, reflecting a focus on operating efficiencies and cost reduction. SSC continues to be debt-free, with significant cash reserves and a disciplined approach to acquisitions, having returned $55.4 million to shareholders through buybacks and dividends over the years.
The most recent analyst rating on (TSE:SECU) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on SSC Security Services stock, see the TSE:SECU Stock Forecast page.
Spark’s Take on TSE:SECU Stock
According to Spark, TipRanks’ AI Analyst, TSE:SECU is a Outperform.
SSC Security Services’ overall stock score reflects strong financial health due to revenue growth and a solid balance sheet. The positive impact of recent corporate events, such as securing a major contract and consistent dividend payments, boosts investor confidence. However, challenges in profitability and valuation due to negative earnings offset these strengths.
To see Spark’s full report on TSE:SECU stock, click here.
More about SSC Security Services
SSC Security Services Corp. is a national provider of cyber, physical, and electronic security services catering to commercial, industrial, and public sector clients across Canada.
Average Trading Volume: 14,956
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$48.13M
Find detailed analytics on SECU stock on TipRanks’ Stock Analysis page.