Zedcor (CVE:ZDC) Trading Up 2.4% – Here’s Why

Shares of Zedcor Inc. (CVE:ZDC) were up 2.4% on Tuesday . The company traded as high as C$4.70 and last traded at C$4.60. Approximately 158,483 shares were traded during mid-day trading, a decline of 41% from the average session volume of 267,935 shares. The stock had previously closed at C$4.49.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$7.50 target price on Zedcor and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$7.67.

Zedcor Price Performance

The firm has a market capitalization of C$518.83 million, a PE ratio of -460.00 and a beta of 1.35. The firm’s fifty day moving average price is C$5.02 and its 200 day moving average price is C$5.42. The company has a current ratio of 0.84, a quick ratio of 0.87 and a debt-to-equity ratio of 70.92.

Insiders Place Their Bets

In other Zedcor news, Director Brian Desmond Mcgill sold 20,000 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of C$5.20, for a total transaction of C$104,000.00. Following the sale, the director directly owned 174,300 shares of the company’s stock, valued at approximately C$906,360. This trade represents a 10.29% decrease in their position. Also, Director Wade Robert Arthur Felesky sold 100,000 shares of Zedcor stock in a transaction dated Monday, July 13th. The shares were sold at an average price of C$5.20, for a total value of C$520,000.00. Following the transaction, the director owned 494,500 shares of the company’s stock, valued at C$2,571,400. The trade was a 16.82% decrease in their position. 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.