Zedcor (CVE:ZDC) Stock Falls 2.2% – Here’s What Happened

Zedcor Inc. (CVE:ZDC)’s share price was down 2.2% during trading on Tuesday. The company traded as low as C$5.23 and last traded at C$5.23. 21,792 shares changed hands during trading, a decline of 92% from the average daily volume of 265,907 shares. The stock had previously closed at C$5.35.

Zedcor Trading Down 2.3%

The company has a 50-day moving average price of C$4.98 and a two-hundred day moving average price of C$5.36. The company has a current ratio of 0.84, a quick ratio of 0.87 and a debt-to-equity ratio of 70.92. The stock has a market cap of C$581.99 million, a P/E ratio of -516.00 and a beta of 1.24.

Insider Buying and Selling

In other news, Director Brian Desmond Mcgill sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of C$5.20, for a total value of C$104,000.00. Following the completion of the transaction, the director directly owned 174,300 shares in the company, valued at C$906,360. This trade represents a 10.29% decrease in their ownership of the stock. Also, Director Wade Robert Arthur Felesky sold 100,000 shares of Zedcor 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 transaction of C$520,000.00. Following the transaction, the director directly owned 494,500 shares of the company’s stock, valued at approximately C$2,571,400. This trade represents a 16.82% decrease in their ownership of the stock. 30.15% of the stock is owned by company 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.