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 changed hands during trading, an increase of 205% from the average session volume of 1,402,575 shares. The stock had previously closed at C$5.71.

Zedcor News Summary

Here are the key news stories impacting Zedcor this week:

• Neutral Sentiment: A concise summary of each item with a clear link to the source.
• Positive Sentiment: A short explanation of how each item could drive the stock higher (revenue, contracts, upgrades, buybacks, bullish guidance).
• Negative Sentiment: A short explanation of how each item could pressure the stock (earnings misses, downgrades, debt concerns, adverse events).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of Zedcor from C$5.25 to C$7.00 in a research note on Friday, October 17th. 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. National Bankshares lifted their price objective on shares of Zedcor from C$5.50 to C$7.50 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, Desjardins set a C$7.50 target price on shares of Zedcor and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Zedcor presently has an average rating of “Buy” and an average target price of C$7.54.

Zedcor Trading Down 16.3%

The stock has a market capitalization of C$504.59 million, a P/E ratio of 239.00 and a beta of 1.21. The stock’s fifty day moving average price is C$6.05 and its two-hundred day moving average price is C$5.12. The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 78.93.

Insider Activity

In other Zedcor news, Director Dean Sylvan Swanberg sold 1,000,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of C$6.50, for a total transaction of C$6,500,000.00. Following the completion of the sale, the director directly owned 15,400,000 shares in the company, valued at C$100,100,000. This represents a 6.10% decrease in their ownership of the stock. Also, Director Dean Myles Shillington sold 2,000,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of C$6.45, for a total value of C$12,900,000.00. Following the transaction, the director directly owned 744,905 shares in the company, valued at C$4,804,637.25. This trade represents a 72.86% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 4,501,800 shares of company stock valued at $28,785,530. Company insiders own 30.15% of the company’s stock.

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.