Zedcor (CVE:ZDC) Stock Price Down 16.3% – What’s Next?

Zedcor Inc. (CVE:ZDC)’s share price traded down 16.3% during mid-day trading on Wednesday . 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 Zedcor News

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Analysts Set New Price Targets

Several equities 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 note on Friday, December 12th. Desjardins set a C$7.50 price target on shares of Zedcor and gave the stock a “buy” rating in a report on Thursday, October 23rd. Canaccord Genuity Group raised their price objective on Zedcor from C$5.25 to C$7.00 in a report on Friday, October 17th. Finally, National Bankshares boosted their price objective on Zedcor from C$5.50 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$7.54.

Zedcor Stock Down 16.3%

The company has a debt-to-equity ratio of 78.93, a quick ratio of 0.87 and a current ratio of 1.14. The stock’s fifty day simple moving average is C$6.05 and its two-hundred day simple moving average is C$5.12. The stock has a market capitalization of C$504.59 million, a P/E ratio of 239.00 and a beta of 1.21.

Insider Buying and Selling at Zedcor

In related news, Director Dean Sylvan Swanberg sold 1,000,000 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of C$6.50, for a total value of C$6,500,000.00. Following the completion of the sale, the director directly owned 15,400,000 shares in the company, valued at C$100,100,000. This represents a 6.10% decrease in their ownership of the stock. Also, Director Dean Myles Shillington sold 2,000,000 shares of the firm’s 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 transaction, the director directly owned 744,905 shares of the company’s stock, valued at approximately C$4,804,637.25. This represents a 72.86% decrease in their ownership of the stock. In the last three months, insiders sold 4,501,800 shares of company stock worth $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.