Zedcor (CVE:ZDC) Trading Down 16.3% – What’s Next?

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

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

Zedcor Stock Up 1.9%

The stock has a market cap of C$576.37 million, a P/E ratio of 273.00 and a beta of 1.21. 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’s 50 day moving average price is C$5.99 and its two-hundred day moving average price is C$5.14.

Insider Buying and Selling at Zedcor

In related news, Director Dean Myles Shillington sold 2,000,000 shares of the company’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 completion of the sale, the director 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 Zedcor stock in a transaction dated Monday, October 27th. The stock was sold at an average price of C$6.50, for a total transaction of C$6,500,000.00. Following the transaction, the director directly owned 15,400,000 shares in the company, valued at C$100,100,000. This trade 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 ninety 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.