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

by · The Cerbat Gem

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

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Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on ZDC

Zedcor Stock Down 16.3%

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 company has a market capitalization of C$504.59 million, a PE ratio of 239.00 and a beta of 1.21. The firm’s 50-day simple moving average is C$6.05 and its 200 day simple moving average is C$5.12.

Insider Activity

In related 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 stock was sold at an average price of C$6.45, for a total value of C$12,900,000.00. Following the completion of the transaction, the director directly 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 stock was sold at an average price of C$6.50, for a total value of C$6,500,000.00. Following the transaction, the director directly owned 15,400,000 shares of the company’s stock, valued at approximately C$100,100,000. This represents a 6.10% decrease in their ownership of the stock. 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 company insiders.

About Zedcor

(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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