Zedcor (CVE:ZDC) Trading Up 2.4% – Should You Buy?

Zedcor Inc. (CVE:ZDC) was up 2.4% during trading on Tuesday . The stock traded as high as C$4.70 and last traded at C$4.60. Approximately 158,483 shares traded hands during trading, a decline of 41% from the average daily volume of 267,935 shares. The stock had previously closed at C$4.49.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$7.50 price target on shares of Zedcor and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Zedcor presently has an average rating of “Buy” and an average price target of C$7.67.

Zedcor Stock Performance

The business has a 50 day simple moving average of C$5.02 and a 200 day simple moving average of C$5.42. The company has a quick ratio of 0.87, a current ratio of 0.84 and a debt-to-equity ratio of 70.92. The company has a market capitalization of C$518.83 million, a PE ratio of -460.00 and a beta of 1.35.

Insider Buying and Selling

In other news, Director Wade Robert Arthur Felesky sold 100,000 shares of Zedcor stock in a transaction on Monday, July 13th. The shares were sold at an average price of C$5.20, for a total transaction of C$520,000.00. Following the completion of the sale, the director directly owned 494,500 shares in the company, valued at approximately C$2,571,400. The trade was 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 on Monday, July 13th. The stock was 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 of the company’s stock, valued at C$906,360. The trade was a 10.29% decrease in their ownership of the stock. 30.15% of the stock is owned by company 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.