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

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

Trending Headlines about Zedcor

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Analyst Upgrades and Downgrades

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

Zedcor Stock Up 1.9%

The company has a market capitalization of C$576.37 million, a PE ratio of 273.00 and a beta of 1.21. The company’s fifty day moving average is C$5.99 and its 200-day moving average is 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 Sylvan Swanberg sold 1,000,000 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of C$6.50, for a total value of C$6,500,000.00. Following the completion of the sale, the director owned 15,400,000 shares in the company, valued at approximately 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 dated 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 sale, the director directly owned 744,905 shares in the company, valued at approximately C$4,804,637.25. This represents a 72.86% decrease in their ownership of the stock. Insiders have sold a total of 4,501,800 shares of company stock worth $28,785,530 over the last 90 days. Insiders own 30.15% of the company’s stock.

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.