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

Shares of Zedcor Inc. (CVE:ZDC) fell 16.3% on Wednesday . The stock 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.

Zedcor News Roundup

Here are the key news stories impacting Zedcor this week:

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ZDC shares. 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. National Bankshares upped their price objective on shares of Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Ventum Financial set a C$8.70 target price on shares of Zedcor and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, Canaccord Genuity Group boosted their price target on Zedcor from C$5.25 to C$7.00 in a report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, Zedcor presently has an average rating of “Buy” and a consensus target price of C$7.54.

Zedcor Stock Up 1.9%

The stock has a fifty day moving average of C$5.99 and a two-hundred day moving average of C$5.14. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93. The stock has a market cap of C$576.37 million, a price-to-earnings ratio of 273.00 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 transaction of C$12,900,000.00. Following the completion of the sale, the director owned 744,905 shares in the company, 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 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 transaction of C$6,500,000.00. Following the sale, the director directly owned 15,400,000 shares of the company’s stock, valued at approximately C$100,100,000. This trade represents a 6.10% decrease in their position. Insiders sold a total of 4,501,800 shares of company stock worth $28,785,530 over the last ninety days. Corporate insiders own 30.15% of the company’s stock.

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.