Zedcor (CVE:ZDC) Stock Price Down 3% – Here’s Why

Shares of Zedcor Inc. (CVE:ZDC) traded down 3% on Wednesday . The stock traded as low as C$5.10 and last traded at C$5.23. Approximately 65,755 shares changed hands during trading, a decline of 78% from the average daily volume of 304,954 shares. The stock had previously closed at C$5.39.

Analysts Set New Price Targets

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

Zedcor Price Performance

The company has a market capitalization of C$603.45 million, a P/E ratio of 544.00 and a beta of 1.25. The company has a debt-to-equity ratio of 53.80, a current ratio of 1.12 and a quick ratio of 0.87. The company has a fifty day moving average price of C$5.79 and a 200 day moving average price of C$5.73.

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.