Dean Myles Shillington Sells 2,000,000 Shares of Zedcor (CVE:ZDC) Stock

Zedcor Inc. (CVE:ZDC) Director Dean Myles Shillington sold 2,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of C$6.45, for a total value of C$12,900,000.00. Following the transaction, the director directly owned 744,905 shares in the company, valued at C$4,804,637.25. The trade was a 72.86% decrease in their ownership of the stock.

Dean Myles Shillington also recently made the following trade(s):

• On Friday, October 24th, Dean Myles Shillington sold 500,000 shares of Zedcor stock. The shares were sold at an average price of C$6.25, for a total transaction of C$3,125,000.00.
• On Friday, October 24th, Dean Myles Shillington sold 1,000,000 shares of Zedcor stock. The shares were sold at an average price of C$6.25, for a total transaction of C$6,250,000.00.

Zedcor Stock Down 2.3%

ZDC stock traded down C$0.14 during midday trading on Friday, reaching C$5.86. The company had a trading volume of 278,274 shares, compared to its average volume of 287,491. The company has a 50 day moving average of C$5.82 and a two-hundred day moving average of C$4.56. The company has a market capitalization of C$618.60 million, a P/E ratio of 293.00 and a beta of 1.26. Zedcor Inc. has a 1 year low of C$2.56 and a 1 year high of C$7.00. The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 78.93.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. National Bankshares increased their price target on Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, October 9th. Stifel Canada upgraded shares of Zedcor to a “strong-buy” rating in a report on Tuesday, August 19th. Stifel Nicolaus set a C$7.00 price target on shares of Zedcor and gave the company a “buy” rating in a report on Wednesday, August 20th. Desjardins set a C$7.50 price target on Zedcor and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Canaccord Genuity Group lifted their price objective on Zedcor from C$5.25 to C$7.00 in a research note on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$6.65.

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.