Zedcor (CVE:ZDC) Shares Down 3.9% - Should You Sell?

Zedcor Inc. (CVE:ZDC - Get Free Report) shares were down 3.9% on Thursday . The company 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.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ZDC. Canaccord Genuity Group upgraded shares of Zedcor to a "strong-buy" rating in a research note on Thursday, December 12th. Raymond James increased their price target on shares of Zedcor from C$3.25 to C$3.75 in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group set a C$4.25 price target on shares of Zedcor and gave the stock a "buy" rating in a research note on Thursday, December 12th.

Zedcor Stock Performance

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

Insider Activity at Zedcor

In other Zedcor news, Senior Officer Kyle Jay Cammann Doenz bought 44,000 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were bought at an average price of C$2.63 per share, for a total transaction of C$115,720.00. 30.15% of the stock is currently owned by insiders.

Zedcor Company Profile

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.