Zedcor (CVE:ZDC) Trading Down 4.6% – Here’s Why

Zedcor Inc. (CVE:ZDC) shares dropped 4.6% on Wednesday . The stock traded as low as C$5.15 and last traded at C$5.15. Approximately 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.

Analyst Upgrades and Downgrades

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

Zedcor Stock Down 4.6%

The company has a debt-to-equity ratio of 53.80, a quick ratio of 0.87 and a current ratio of 1.12. The stock has a market cap of C$571.28 million, a price-to-earnings ratio of 515.00 and a beta of 1.22. The firm’s 50-day simple moving average is C$5.86 and its two-hundred day simple moving average is 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.