Zedcor (CVE:ZDC) Stock Price Down 1.2% - Here's What Happened

Zedcor Inc. (CVE:ZDC) saw its share price decrease by 1.2% during trading on Thursday. The stock reached a low of C$3.30 and was last seen trading at C$3.31. During the trading session, around 177,254 shares were exchanged, reflecting a 40% drop from the average daily volume of 294,794 shares. The stock had closed at C$3.35 the previous day.

Analysts Set New Price Targets

Recently, Zedcor has attracted attention from several analysts. Canaccord Genuity Group upgraded Zedcor's rating to "strong-buy" in a recent note. Additionally, Raymond James raised their target price from C$3.25 to C$3.75. Canaccord Genuity Group further set a price target of C$4.25 for Zedcor shares along with a "buy" rating.

Zedcor Price Performance

Zedcor holds a market capitalization of C$316.97 million and has a price-to-earnings ratio of 170.00. The company's beta is noted at 2.48. As for its moving averages, the 50-day average price stands at C$3.43 while the 200-day average is at C$2.65. Financial metrics indicate a debt-to-equity ratio of 84.82, a quick ratio of 0.87, and a current ratio of 1.51.

Zedcor Company Profile

Zedcor Inc. offers technology-driven security and surveillance solutions within Canada. Their services include the rental, servicing, and remote monitoring of proprietary MobileyeZ security towers, as well as the surveillance and monitoring of fixed-site locations and security personnel. The company also provides mobile and fixed surveillance services, security guards, access control systems, and related sensor technology services.

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