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

Zedcor Inc. (CVE:ZDC)’s share price dropped 16.3% during trading on Thursday . The company traded as low as C$4.39 and last traded at C$4.78. Approximately 4,273,584 shares traded hands during mid-day trading, an increase of 205% from the average daily 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 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 report on Friday, December 12th. Canaccord Genuity Group increased their price target on Zedcor from C$5.25 to C$7.00 in a report on Friday, October 17th. 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 report on Thursday, October 9th. Finally, Desjardins set a C$7.50 price objective on Zedcor and gave the company a “buy” rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat, Zedcor presently has a consensus rating of “Buy” and an average price target of C$7.54.

Zedcor Stock Up 1.9%

The stock’s fifty day moving average price is C$5.99 and its 200-day moving average price is C$5.14. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93. The company has a market capitalization of C$576.37 million, a price-to-earnings ratio of 273.00 and a beta of 1.21.

Insider Buying and Selling at Zedcor

In related news, Director Dean Myles Shillington sold 2,000,000 shares of the stock in a transaction that occurred 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 represents 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 that occurred 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 completion of the transaction, the director owned 15,400,000 shares of the company’s stock, valued at approximately C$100,100,000. This represents a 6.10% decrease in their ownership of the stock. Insiders sold a total of 4,501,800 shares of company stock worth $28,785,530 over the last quarter. Company 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.