Zedcor (CVE:ZDC) Trading 6.6% Higher – Here’s What Happened

Zedcor Inc. (CVE:ZDC) was up 6.6% on Tuesday . The company traded as high as C$5.25 and last traded at C$5.18. 291,164 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 288,730 shares. The stock had previously closed at C$4.86.

Analyst Ratings Changes

Separately, National Bank Financial set a C$7.50 price objective on Zedcor and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat, Zedcor currently has an average rating of “Buy” and a consensus price target of C$7.54.

Zedcor Trading Up 6.6%

The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 53.80. The business’s 50-day moving average is C$5.41 and its two-hundred day moving average is C$5.64. The firm has a market cap of C$574.61 million, a P/E ratio of 518.00 and a beta of 1.25.

Insider Activity at Zedcor

In other news, Director Wade Robert Arthur Felesky sold 100,000 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of C$5.20, for a total transaction of C$520,000.00. Following the sale, the director directly owned 494,500 shares in the company, valued at approximately C$2,571,400. This represents a 16.82% decrease in their position. Also, Director Brian Desmond Mcgill sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of C$5.20, for a total value of C$104,000.00. Following the completion of the sale, the director directly owned 174,300 shares in the company, valued at approximately C$906,360. This trade represents a 10.29% decrease in their position. 30.15% of the stock is currently owned by corporate 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.