Zedcor (CVE:ZDC) Shares Down 16.3% – Should You Sell?

Zedcor Inc. (CVE:ZDC) dropped 16.3% during mid-day trading on Thursday . The company traded as low as C$4.39 and last traded at C$4.78. Approximately 4,273,584 shares traded hands during mid-day trading, an increase of 205% from the average daily volume of 1,402,575 shares. The stock had previously closed at C$5.71.

Trending Headlines about Zedcor

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Analyst Ratings Changes

A number of brokerages have recently weighed in on ZDC. Desjardins set a C$7.50 price objective on shares of Zedcor and gave the company a “buy” rating in a report on Thursday, October 23rd. National Bankshares boosted their price target on Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Canaccord Genuity Group increased their price objective on Zedcor from C$5.25 to C$7.00 in a report on Friday, October 17th. Finally, Ventum Financial set a C$8.70 price objective on Zedcor and gave the stock a “buy” rating in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$7.54.

Zedcor Trading Up 1.9%

The stock has a market cap of C$576.37 million, a PE ratio of 273.00 and a beta of 1.21. The company’s fifty day moving average is C$5.99 and its 200-day moving average is C$5.14. The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87.

Insider Transactions at Zedcor

In related news, Director Dean Sylvan Swanberg sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of C$6.50, for a total transaction of C$6,500,000.00. Following the sale, the director directly owned 15,400,000 shares of the company’s stock, 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 Zedcor 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 value of C$12,900,000.00. Following the transaction, the director owned 744,905 shares of the company’s stock, valued at approximately C$4,804,637.25. This represents a 72.86% decrease in their ownership of the stock. Insiders have sold a total of 4,501,800 shares of company stock valued at $28,785,530 in the last quarter. Company insiders own 30.15% of the company’s stock.

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.