Zedcor (CVE:ZDC) Shares Down 16.8% – Should You Sell?

Shares of Zedcor Inc. (CVE:ZDC) traded down 16.8% during trading on Wednesday . The company traded as low as C$4.39 and last traded at C$4.75. 2,777,555 shares traded hands during mid-day trading, an increase of 174% from the average session volume of 1,015,531 shares. The stock had previously closed at C$5.71.

Wall Street Analysts Forecast Growth

ZDC has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price objective on shares of Zedcor from C$5.25 to C$7.00 in a report on Friday, October 17th. Ventum Financial set a C$8.70 price target on shares of Zedcor and gave the company a “buy” rating in a report on Friday, December 12th. Desjardins set a C$7.50 price objective on Zedcor and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, National Bankshares boosted their target price on Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$7.54.

Zedcor Trading Down 17.0%

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 business’s fifty day moving average is C$6.09 and its 200 day moving average is C$5.12. The firm has a market capitalization of C$500.37 million, a price-to-earnings ratio of 237.00 and a beta of 1.21.

Insider Transactions at Zedcor

In other Zedcor news, Director Dean Sylvan Swanberg sold 1,000,000 shares of the business’s 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 value of C$6,500,000.00. Following the sale, the director owned 15,400,000 shares in the company, valued at approximately C$100,100,000. The trade was a 6.10% decrease in their position. Also, Director Dean Myles Shillington sold 2,000,000 shares of the company’s stock in a transaction that occurred 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 trade represents a 72.86% decrease in their position. Over the last 90 days, insiders sold 4,501,800 shares of company stock worth $28,785,530. 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.