Zedcor (CVE:ZDC) Trading Down 16.3% – What’s Next?

Shares of Zedcor Inc. (CVE:ZDC) were down 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 trading, an increase of 205% from the average daily volume of 1,402,575 shares. The stock had previously closed at C$5.71.

Zedcor News Summary

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. 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 target on shares of Zedcor and gave the stock a “buy” rating in a research note on Thursday, October 23rd. National Bankshares lifted their price target on shares of Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Canaccord Genuity Group upped their target price on Zedcor from C$5.25 to C$7.00 in a report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$7.54.

Zedcor Price Performance

The firm has a 50-day simple moving average of C$6.05 and a 200-day simple moving average of C$5.12. The firm has a market cap of C$504.59 million, a P/E ratio of 239.00 and a beta of 1.21. 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 Transactions at Zedcor

In related news, Director Dean Myles Shillington sold 2,000,000 shares of the business’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 transaction, the director owned 744,905 shares in the company, valued at C$4,804,637.25. The trade was a 72.86% decrease in their position. Also, Director Dean Sylvan Swanberg sold 1,000,000 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$6.50, 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 approximately C$100,100,000. This trade represents a 6.10% decrease in their ownership of the stock. Insiders sold 4,501,800 shares of company stock valued at $28,785,530 over the last quarter. 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.