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

Shares of Zedcor Inc. (CVE:ZDC) were down 3% during trading on Wednesday . The stock traded as low as C$5.10 and last traded at C$5.23. 65,755 shares traded hands during 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 Analysts Forecast Growth

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 equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$7.54.

Zedcor Trading Down 3.0%

The firm has a market capitalization of C$580.15 million, a PE ratio of 523.00 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 of C$5.80 and a 200-day moving average 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.