Zedcor (CVE:ZDC) Stock Price Down 11.2% – Here’s What Happened

Zedcor Inc. (CVE:ZDC)’s share price traded down 11.2% during trading on Thursday . The stock traded as low as C$2.86 and last traded at C$2.86. 151,247 shares changed hands during trading, a decline of 40% from the average session volume of 252,733 shares. The stock had previously closed at C$3.22.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Canaccord Genuity Group set a C$4.25 target price on Zedcor and gave the company a “buy” rating in a research report on Thursday, December 12th. Canaccord Genuity Group upgraded Zedcor to a “strong-buy” rating in a research report on Thursday, December 12th.

Zedcor Trading Up 5.4 %

The business has a 50 day moving average of C$3.29 and a two-hundred day moving average of C$2.91. The company has a debt-to-equity ratio of 78.93, a quick ratio of 0.87 and a current ratio of 1.14. The firm has a market capitalization of C$304.41 million, a price-to-earnings ratio of 780.28 and a beta of 2.48.

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.