Zedcor (CVE:ZDC) Stock Price Down 1% - Time to Sell?

Key Points

• Shares down 1% — Zedcor traded as low as C$4.99 and last at C$5.10 with about 188,216 shares changing hands, a 49% drop versus average volume.
• Analysts rate Zedcor a Buy — one Strong Buy and three Buy ratings give an average price target of C$7.54, and Ventum Financial recently set a C$8.70 target.
• Mixed fundamentals — market cap C$565.7M and a very high P/E of 255, alongside low liquidity ratios (current 0.78, quick 0.87) and 56.5% debt-to-equity; the company provides technology-based security and surveillance services (MobileyeZ towers) in Canada.

Zedcor Inc. (CVE:ZDC - Get Free Report)'s share price was down 1% during trading on Monday . The company traded as low as C$4.99 and last traded at C$5.10. Approximately 188,216 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 369,897 shares. The stock had previously closed at C$5.15.

Wall Street Analyst Weigh In

Separately, Ventum Financial set a C$8.70 price target on Zedcor and gave the company a "buy" rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, Zedcor has an average rating of "Buy" and an average price target of C$7.54.

Zedcor Price Performance

The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.87 and a current ratio of 0.78. The company has a market capitalization of C$565.69 million, a P/E ratio of 255.00 and a beta of 1.02. The firm's fifty day moving average is C$5.80 and its 200 day moving average is C$5.75.

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. It serves customers in the construction, mining, oil and gas, pipeline and facilities, office, commercial, retail, industrial manufacturing, warehouse, and automotive sectors.

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