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

Zedcor Inc. (CVE:ZDC) shares were down 16.3% during mid-day trading on Thursday . The stock 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.

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Analysts Set New Price Targets

Several brokerages recently weighed in on ZDC. National Bankshares raised their target price on shares of Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, October 9th. 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 target price 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 target on Zedcor and gave the company a “buy” rating in a research note on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat.com, Zedcor presently has an average rating of “Buy” and an average price target of C$7.54.

Zedcor Price Performance

The stock’s 50-day moving average is C$6.05 and its 200 day moving average is 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$504.59 million, a PE ratio of 239.00 and a beta of 1.21.

Insider Activity

In other news, Director Dean Myles Shillington sold 2,000,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 744,905 shares of the company’s stock, valued at approximately 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 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 owned 15,400,000 shares in the company, valued at C$100,100,000. This represents a 6.10% decrease in their position. Insiders sold a total of 4,501,800 shares of company stock valued at $28,785,530 over the last three months. Company insiders own 30.15% of the company’s stock.

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.