Zedcor (CVE:ZDC) Trading Down 16.3% – Time to Sell?

Zedcor Inc. (CVE:ZDC) traded 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. 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 Ratings Changes

A number of equities analysts have recently issued reports on ZDC shares. National Bankshares raised their target price on shares of Zedcor from C$5.50 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. 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. Canaccord Genuity Group raised their price objective on shares of Zedcor from C$5.25 to C$7.00 in a research report on Friday, October 17th. Finally, Ventum Financial set a C$8.70 price objective on shares of 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 assigned a Buy rating to the stock. According to MarketBeat, Zedcor has an average rating of “Buy” and a consensus price target of C$7.54.

Zedcor Stock Down 16.3%

The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87. The company has a market capitalization of C$504.59 million, a price-to-earnings ratio of 239.00 and a beta of 1.21. The firm’s 50-day simple moving average is C$6.05 and its two-hundred day simple moving average is C$5.12.

Insider Buying and Selling

In other Zedcor news, Director Dean Sylvan Swanberg sold 1,000,000 shares of the stock in a transaction 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 transaction, the director owned 15,400,000 shares of the company’s stock, valued at C$100,100,000. This represents a 6.10% decrease in their position. Also, Director Dean Myles Shillington sold 2,000,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of C$6.45, for a total value of C$12,900,000.00. Following the completion of the sale, the director directly owned 744,905 shares in the company, valued at approximately C$4,804,637.25. The trade was a 72.86% decrease in their ownership of the stock. In the last ninety days, insiders sold 4,501,800 shares of company stock worth $28,785,530. 30.15% of the stock is 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.