Zedcor (CVE:ZDC) Trading Up 6.6% – Here’s What Happened

Shares of Zedcor Inc. (CVE:ZDC) were up 6.6% on Tuesday . The company traded as high as C$5.25 and last traded at C$5.18. 291,164 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 288,730 shares. The stock had previously closed at C$4.86.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$7.50 target price on shares of Zedcor and gave the company an “outperform” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$7.54.

Zedcor Price Performance

The company has a debt-to-equity ratio of 53.80, a quick ratio of 0.87 and a current ratio of 1.12. The firm has a market capitalization of C$574.61 million, a P/E ratio of 518.00 and a beta of 1.25. The business has a fifty day moving average of C$5.41 and a 200-day moving average of C$5.64.

Insiders Place Their Bets

In other news, Director Wade Robert Arthur Felesky sold 100,000 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of C$5.20, for a total transaction of C$520,000.00. Following the transaction, the director directly owned 494,500 shares of the company’s stock, valued at approximately C$2,571,400. This trade represents a 16.82% decrease in their ownership of the stock. Also, Director Brian Desmond Mcgill sold 20,000 shares of Zedcor stock in a transaction dated Monday, July 13th. The shares were sold at an average price of C$5.20, for a total transaction of C$104,000.00. Following the sale, the director owned 174,300 shares in the company, valued at approximately C$906,360. This represents a 10.29% decrease in their ownership of the stock. 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.