Zedcor (CVE:ZDC) Shares Down 18.7% – Should You Sell?

Zedcor Inc. (CVE:ZDC)’s stock price dropped 18.7% during trading on Wednesday . The company traded as low as C$4.39 and last traded at C$4.64. Approximately 2,937,305 shares changed hands during trading, an increase of 182% from the average daily volume of 1,042,129 shares. The stock had previously closed at C$5.71.

Analysts Set New Price Targets

ZDC has been the topic of several analyst reports. Desjardins set a C$7.50 price objective on shares of Zedcor and gave the stock a “buy” rating in a research note on Thursday, October 23rd. National Bankshares upped their price target 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. Canaccord Genuity Group raised their price objective on Zedcor from C$5.25 to C$7.00 in a research report on Friday, October 17th. Finally, Ventum Financial set a C$8.70 target price on Zedcor and gave the company a “buy” rating in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$7.54.

Zedcor Stock Performance

The stock has a fifty day simple moving average of C$6.09 and a two-hundred day simple moving average of C$5.12. The company has a debt-to-equity ratio of 78.93, a quick ratio of 0.87 and a current ratio of 1.14. The stock has a market capitalization of C$502.48 million, a price-to-earnings ratio of 238.00 and a beta of 1.21.

Insider Buying and Selling

In other news, Director Dean Myles Shillington sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were 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 of the company’s stock, valued at C$4,804,637.25. This trade represents a 72.86% decrease in their position. Also, Director Dean Sylvan Swanberg sold 1,000,000 shares of Zedcor 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 sale, the director owned 15,400,000 shares of the company’s stock, valued at C$100,100,000. This represents a 6.10% decrease in their position. Over the last quarter, insiders sold 4,501,800 shares of company stock valued at $28,785,530. 30.15% of the stock is currently owned by corporate insiders.

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.