Zedcor (CVE:ZDC) Stock Price Down 4.6% – Here’s What Happened

Zedcor Inc. (CVE:ZDC) shares fell 4.6% during mid-day trading on Wednesday . The company traded as low as C$5.15 and last traded at C$5.15. 101,063 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 307,587 shares. The stock had previously closed at C$5.40.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$7.50 price target on shares of Zedcor and gave the company an “outperform” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$7.54.

Zedcor Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 53.80. The company has a market cap of C$607.89 million, a PE ratio of 548.00 and a beta of 1.22. The stock has a 50-day simple moving average of C$5.87 and a 200 day simple moving average of C$5.76.

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.