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

Zedcor Inc. (CVE:ZDC) shares fell 11.2% on Thursday . The stock traded as low as C$2.86 and last traded at C$2.86. 151,247 shares were traded 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 Ratings Changes

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

Zedcor Stock Performance

The stock’s 50-day moving average is C$3.30 and its 200 day moving average is C$2.91. The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87. The stock has a market cap of C$288.90 million, a price-to-earnings ratio of 740.52 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.