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

Zedcor Inc. (CVE:ZDC) shares traded down 16.3% during mid-day trading on Wednesday . The stock traded as low as C$4.39 and last traded at C$4.78. 4,273,584 shares were traded 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.

More Zedcor News

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Wall Street Analyst Weigh In

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

Zedcor Stock Performance

The company has a market capitalization of C$576.37 million, a P/E ratio of 273.00 and a beta of 1.21. The firm has a 50 day moving average price of C$5.99 and a two-hundred day moving average price 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.

Insider Buying and Selling at Zedcor

In other Zedcor news, Director Dean Myles Shillington sold 2,000,000 shares of Zedcor 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 completion of 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 ownership of the stock. Also, Director Dean Sylvan Swanberg sold 1,000,000 shares of the business’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 sale, the director owned 15,400,000 shares in the company, valued at C$100,100,000. This represents a 6.10% decrease in their position. In the last ninety days, insiders sold 4,501,800 shares of company stock worth $28,785,530. 30.15% of the stock is 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. It serves customers in the construction, mining, oil and gas, pipeline and facilities, office, commercial, retail, industrial manufacturing, warehouse, and automotive sectors.