Zedcor (CVE:ZDC) Trading Up 3% – Should You Buy?

Zedcor Inc. (CVE:ZDC)’s stock price was up 3% during mid-day trading on Tuesday . The stock traded as high as C$5.11 and last traded at C$5.08. Approximately 207,069 shares were traded during trading, a decline of 26% from the average daily volume of 278,171 shares. The stock had previously closed at C$4.93.

Analyst Ratings Changes

Separately, National Bank Financial set a C$7.50 target price on Zedcor and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$7.67.

Zedcor Stock Performance

The stock has a market capitalization of C$572.97 million, a PE ratio of -508.00 and a beta of 1.23. The business’s fifty day moving average is C$5.23 and its two-hundred day moving average is C$5.55. The company has a quick ratio of 0.87, a current ratio of 0.84 and a debt-to-equity ratio of 70.92.

Insider Buying and Selling

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