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

Zedcor Inc. (CVE:ZDC)’s share price dropped 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 were traded 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.

Key Headlines Impacting Zedcor

Here are the key news stories impacting Zedcor this week:

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Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ZDC. Desjardins set a C$7.50 target price on Zedcor and gave the stock a “buy” rating in a report on Thursday, October 23rd. National Bankshares lifted their target price on Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Canaccord Genuity Group boosted their target price on shares of 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 shares of Zedcor and gave the company a “buy” rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Zedcor has an average rating of “Buy” and a consensus target price of C$7.54.

Zedcor Stock Performance

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 firm has a market cap of C$576.37 million, a price-to-earnings ratio of 273.00 and a beta of 1.21. The firm has a fifty day simple moving average of C$5.99 and a two-hundred day simple moving average of C$5.14.

Insider Buying and Selling

In other Zedcor news, Director Dean Sylvan Swanberg sold 1,000,000 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$6.50, for a total transaction of C$6,500,000.00. Following the sale, the director owned 15,400,000 shares of the company’s stock, valued at approximately C$100,100,000. The trade was a 6.10% decrease in their position. Also, Director Dean Myles Shillington sold 2,000,000 shares of the company’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 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. Insiders sold a total of 4,501,800 shares of company stock valued at $28,785,530 over the last quarter. 30.15% of the stock is owned by company insiders.

Zedcor Company Profile

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.