Zedcor (CVE:ZDC) Shares Down 3% – What’s Next?

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

Wall Street Analyst Weigh In

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 note 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$7.54.

Zedcor Stock Down 3.0%

The company has a market cap of C$580.15 million, a price-to-earnings ratio of 523.00 and a beta of 1.25. The business has a 50-day simple moving average of C$5.80 and a two-hundred day simple moving average of C$5.73. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 53.80.

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. It serves customers in the construction, mining, oil and gas, pipeline and facilities, office, commercial, retail, industrial manufacturing, warehouse, and automotive sectors.