Zedcor (CVE:ZDC) Stock Price Down 16.3% – Here’s Why

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

Key Stories Impacting Zedcor

Here are the key news stories impacting Zedcor this week:

• Neutral Sentiment: Please provide the article text or links you want summarized. Full articles are best; headlines alone may miss key context.
• Neutral Sentiment: If useful, tell me whether to prioritize: earnings/financials, management commentary, M&A/regulatory news, analyst notes, or operational updates.
• Neutral Sentiment: Want trade implications (buy/sell/hold guidance) or just factual impact points for investors? Reply and I’ll format the summary with positives first, neutrals next, negatives last.

Analyst Ratings Changes

Several analysts recently commented on ZDC shares. Ventum Financial set a C$8.70 price objective on shares of Zedcor and gave the company a “buy” rating in a research report on Friday, December 12th. National Bankshares increased their price target 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 price objective on shares of Zedcor and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Canaccord Genuity Group upped their price objective on Zedcor from C$5.25 to C$7.00 in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$7.54.

Zedcor Stock Performance

The business’s fifty day moving average price is C$6.05 and its 200-day moving average price is C$5.12. The stock has a market cap of C$504.59 million, a PE ratio of 239.00 and a beta of 1.21. The company has a debt-to-equity ratio of 78.93, a quick ratio of 0.87 and a current ratio of 1.14.

Insider Buying and Selling

In related news, Director Dean Myles Shillington sold 2,000,000 shares of Zedcor stock in a transaction 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 sale, the director owned 744,905 shares of the company’s stock, valued at C$4,804,637.25. The trade was a 72.86% decrease in their ownership of the stock. Also, Director Dean Sylvan Swanberg sold 1,000,000 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of C$6.50, for a total value of C$6,500,000.00. Following the completion of the transaction, the director directly owned 15,400,000 shares in the company, valued at approximately C$100,100,000. This represents a 6.10% decrease in their position. In the last ninety days, insiders sold 4,501,800 shares of company stock valued at $28,785,530. 30.15% of the stock is currently owned by 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.