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

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

Trending Headlines about Zedcor

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Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Desjardins set a C$7.50 price target on shares of Zedcor and gave the company a “buy” rating in a research note on Thursday, October 23rd. Ventum Financial set a C$8.70 target price on shares of Zedcor and gave the company a “buy” rating in a report on Friday, December 12th. Canaccord Genuity Group increased their target price on Zedcor from C$5.25 to C$7.00 in a research report on Friday, October 17th. Finally, National Bankshares raised their price target on Zedcor from C$5.50 to C$7.50 and gave the stock an “outperform” rating in a 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$7.54.

Zedcor Price Performance

The business’s 50-day moving average price is C$5.99 and its 200 day moving average price is C$5.14. The company has a market capitalization of C$576.37 million, a P/E ratio of 273.00 and a beta of 1.21. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93.

Insider Buying and Selling at Zedcor

In other news, Director Dean Myles Shillington sold 2,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of C$6.45, for a total value of C$12,900,000.00. Following the transaction, the director 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. Also, 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 owned 15,400,000 shares in the company, valued at C$100,100,000. This trade represents a 6.10% decrease in their position. Over the last three months, insiders sold 4,501,800 shares of company stock valued at $28,785,530. 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.