Insider Selling: Zedcor (CVE:ZDC) Director Sells 100,000 Shares

Zedcor Inc. (CVE:ZDC) 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 value of C$520,000.00. Following the completion of the transaction, the director owned 494,500 shares in the company, valued at C$2,571,400. This represents a 16.82% decrease in their position.

Zedcor Stock Down 0.6%

Shares of ZDC stock traded down C$0.03 during trading on Tuesday, hitting C$5.08. 169,653 shares of the company were exchanged, compared to its average volume of 303,022. The company has a debt-to-equity ratio of 53.80, a quick ratio of 0.87 and a current ratio of 1.12. The firm has a market capitalization of C$563.51 million, a price-to-earnings ratio of 508.00 and a beta of 1.25. The business’s 50-day simple moving average is C$5.74 and its 200 day simple moving average is C$5.72. Zedcor Inc. has a twelve month low of C$3.82 and a twelve month high of C$7.00.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$7.50 target price on shares of Zedcor and gave the company an “outperform” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$7.54.

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.