Zedcor (CVE:ZDC) Stock Price Down 16.3% – What’s Next?

Zedcor Inc. (CVE:ZDC) shares traded down 16.3% on Thursday . The stock traded as low as C$4.39 and last traded at C$4.78. 4,273,584 shares traded hands during mid-day trading, an increase of 205% from the average session volume of 1,402,575 shares. The stock had previously closed at C$5.71.

Key Stories Impacting Zedcor

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Analysts Set New Price Targets

Several analysts have recently commented on the company. Ventum Financial set a C$8.70 price objective on Zedcor and gave the company a “buy” rating in a report on Friday, December 12th. 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 research note on Thursday, October 9th. Canaccord Genuity Group boosted their price target on Zedcor from C$5.25 to C$7.00 in a research note on Friday, October 17th. Finally, Desjardins set a C$7.50 price objective on shares of Zedcor and gave the company a “buy” rating in a report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, Zedcor currently has an average rating of “Buy” and an average price target of C$7.54.

Zedcor Trading Up 1.9%

The company has a 50 day simple moving average of C$5.99 and a two-hundred day simple moving average of C$5.14. The company has a debt-to-equity ratio of 78.93, a quick ratio of 0.87 and a current ratio of 1.14. The firm has a market cap of C$576.37 million, a PE ratio of 273.00 and a beta of 1.21.

Insider Activity at Zedcor

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