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

Shares of Zedcor Inc. (CVE:ZDC) were down 16.3% during trading on Wednesday . The company traded as low as C$4.39 and last traded at C$4.78. Approximately 4,273,584 shares traded hands 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.

Zedcor News Summary

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Analysts Set New Price Targets

Several brokerages recently issued reports on ZDC. Ventum Financial set a C$8.70 target price on Zedcor and gave the company a “buy” rating in a research report on Friday, December 12th. Desjardins set a C$7.50 target price on shares of Zedcor and gave the stock a “buy” rating in a research note on Thursday, October 23rd. National Bankshares raised their price target on shares of Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, Zedcor currently has a consensus rating of “Buy” and a consensus target price of C$7.54.

Zedcor Stock Performance

The company’s fifty day simple moving average is C$6.05 and its 200 day simple moving average is C$5.12. The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87. The firm has a market capitalization of C$504.59 million, a PE ratio of 239.00 and a beta of 1.21.

Insider Activity

In other news, Director Dean Myles Shillington sold 2,000,000 shares of the stock in a transaction on 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 transaction, the director owned 744,905 shares of the company’s stock, valued at C$4,804,637.25. This represents a 72.86% decrease in their position. Also, Director Dean Sylvan Swanberg sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of C$6.50, for a total value of C$6,500,000.00. Following the sale, the director owned 15,400,000 shares in the company, valued at C$100,100,000. The trade was a 6.10% decrease in their position. Insiders have sold 4,501,800 shares of company stock valued at $28,785,530 in the last three months. 30.15% of the stock is owned by 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.