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

Zedcor Inc. (CVE:ZDC) shares traded down 16.3% on Thursday . The company 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 recently weighed in on ZDC. Ventum Financial set a C$8.70 target price on shares of Zedcor and gave the company a “buy” rating in a research note on Friday, December 12th. 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. Canaccord Genuity Group increased their target price on Zedcor from C$5.25 to C$7.00 in a research report on Friday, October 17th. Finally, National Bankshares boosted their price target on Zedcor from C$5.50 to C$7.50 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$7.54.

Zedcor Trading Up 1.9%

The firm has a market cap of C$576.37 million, a P/E ratio of 273.00 and a beta of 1.21. The stock has a 50 day simple moving average of C$5.99 and a 200-day simple moving average of C$5.14. The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 78.93.

Insiders Place Their Bets

In other Zedcor news, Director Dean Sylvan Swanberg sold 1,000,000 shares of the stock in a transaction on 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 transaction, the director 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. Also, Director Dean Myles Shillington sold 2,000,000 shares of the business’s stock in a transaction dated 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 sale, the director owned 744,905 shares in the company, valued at approximately C$4,804,637.25. This trade represents a 72.86% decrease in their ownership of the stock. In the last ninety days, insiders have sold 4,501,800 shares of company stock worth $28,785,530. 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.