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

Zedcor Inc. (CVE:ZDC)’s share price dropped 3.9% on Thursday . The stock traded as low as C$3.40 and last traded at C$3.44. Approximately 212,806 shares traded hands during trading, a decline of 16% from the average daily volume of 254,143 shares. The stock had previously closed at C$3.58.

Analyst Ratings Changes

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

Zedcor Stock Up 0.9 %

The firm has a fifty day moving average price of C$3.40 and a 200 day moving average price of C$2.44. The firm has a market capitalization of C$325.58 million, a price-to-earnings ratio of 170.00 and a beta of 2.48. The company has a current ratio of 1.51, a quick ratio of 0.87 and a debt-to-equity ratio of 84.82.

Insiders Place Their Bets

In related news, Senior Officer Kyle Jay Cammann Doenz bought 44,000 shares of Zedcor stock in a transaction dated Wednesday, October 23rd. The shares were bought at an average cost of C$2.63 per share, for a total transaction of C$115,720.00. 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.