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

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ZDC shares. Raymond James lifted their price objective on shares of Zedcor from C$3.25 to C$3.75 in a report on Thursday, November 14th. Canaccord Genuity Group set a C$4.25 price target on Zedcor and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Canaccord Genuity Group raised Zedcor to a “strong-buy” rating in a research report on Thursday, December 12th.

Zedcor Stock Performance

The business’s 50-day moving average price is C$3.38 and its 200-day moving average price is C$2.42. 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 stock has a market cap of C$326.54 million, a PE ratio of 170.00 and a beta of 2.48.

Insiders Place Their Bets

In related news, Senior Officer Kyle Jay Cammann Doenz acquired 44,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were purchased at an average price of C$2.63 per share, for a total transaction of C$115,720.00. Corporate 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.