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

by · The Cerbat Gem

Zedcor Inc. (CVE:ZDC – Get Free Report) traded down 16.3% during mid-day trading on Wednesday . The stock traded as low as C$4.39 and last traded at C$4.78. 4,273,584 shares changed hands during trading, an increase of 205% from the average session volume of 1,402,575 shares. The stock had previously closed at C$5.71.

Key Headlines Impacting Zedcor

Here are the key news stories impacting Zedcor this week:

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Analysts Set New Price Targets

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

Check Out Our Latest Research Report on ZDC

Zedcor Price Performance

The company has a market cap of C$576.37 million, a PE ratio of 273.00 and a beta of 1.21. The firm’s 50-day moving average is C$5.99 and its 200-day moving average is C$5.14. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93.

Insider Activity at Zedcor

In related news, Director Dean Sylvan Swanberg sold 1,000,000 shares of Zedcor stock in a transaction that occurred on 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 in the company, valued at C$100,100,000. The trade was a 6.10% decrease in their ownership of the stock. Also, Director Dean Myles Shillington sold 2,000,000 shares of the firm’s stock in a transaction 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 directly owned 744,905 shares of the company’s stock, valued at C$4,804,637.25. This represents a 72.86% decrease in their position. Insiders have sold 4,501,800 shares of company stock worth $28,785,530 over the last 90 days. 30.15% of the stock is currently owned by corporate insiders.

Zedcor Company Profile

(Get Free Report)

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.

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