Zedcor (CVE:ZDC) Stock Price Down 16.3% – Time to Sell?

Zedcor Inc. (CVE:ZDC)’s share price fell 16.3% on Wednesday . The stock traded as low as C$4.39 and last traded at C$4.78. 4,273,584 shares changed hands during trading, an increase of 205% from the average session volume of 1,402,575 shares. The stock had previously closed at C$5.71.

Wall Street Analysts Forecast Growth

ZDC has been the topic of a number of analyst reports. Ventum Financial set a C$8.70 price objective on shares of Zedcor and gave the company a “buy” rating in a research note on Friday, December 12th. Desjardins set a C$7.50 price target on Zedcor and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Canaccord Genuity Group raised their price objective on Zedcor from C$5.25 to C$7.00 in a report on Friday, October 17th. Finally, National Bankshares lifted their price objective on Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$7.54.

Zedcor Price Performance

The company has a 50 day simple moving average of C$6.09 and a 200 day simple moving average of C$5.12. The company has a market capitalization of C$504.59 million, a price-to-earnings ratio of 239.00 and a beta of 1.21. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93.

Insider Activity at Zedcor

In other Zedcor news, Director Dean Myles Shillington sold 2,000,000 shares of Zedcor stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of C$6.45, for a total transaction of C$12,900,000.00. Following the transaction, the director directly owned 744,905 shares of the company’s stock, valued at C$4,804,637.25. The trade was a 72.86% decrease in their ownership of the stock. Also, Director Dean Sylvan Swanberg sold 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of C$6.50, for a total transaction of C$6,500,000.00. Following the completion of the transaction, the director directly owned 15,400,000 shares in the company, valued at approximately C$100,100,000. This represents a 6.10% decrease in their position. Insiders sold 4,501,800 shares of company stock worth $28,785,530 in the last 90 days. 30.15% of the stock is currently owned by insiders.

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