Zedcor (CVE:ZDC) Stock Price Down 3.9% – What’s Next?

Zedcor Inc. (CVE:ZDC)’s stock price fell 3.9% during trading on Thursday . The company traded as low as C$3.40 and last traded at C$3.44. 212,806 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 254,143 shares. The stock had previously closed at C$3.58.

Analysts Set New Price Targets

ZDC has been the topic of several recent research reports. Canaccord Genuity Group upgraded shares of Zedcor to a “strong-buy” rating in a research report on Thursday, December 12th. Raymond James upped their price objective on Zedcor from C$3.25 to C$3.75 in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group set a C$4.25 target price on Zedcor and gave the stock a “buy” rating in a report on Thursday, December 12th.

Zedcor Stock Performance

The company has a current ratio of 1.51, a quick ratio of 0.87 and a debt-to-equity ratio of 84.82. The company has a market capitalization of C$326.54 million, a PE ratio of 170.00 and a beta of 2.48. The firm’s 50-day simple moving average is C$3.38 and its 200-day simple moving average is C$2.42.

Insider Activity

In other news, Senior Officer Kyle Jay Cammann Doenz purchased 44,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of C$2.63 per share, with a total value of C$115,720.00. Insiders own 30.15% of the company’s stock.

About Zedcor

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.