Zedcor (CVE:ZDC) Director Dean Myles Shillington Sells 1,000,000 Shares

Zedcor Inc. (CVE:ZDC) Director Dean Myles Shillington sold 1,000,000 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of C$6.25, for a total value of C$6,250,000.00. Following the sale, the director owned 2,744,905 shares of the company’s stock, valued at approximately C$17,155,656.25. The trade was a 26.70% decrease in their position.

Dean Myles Shillington also recently made the following trade(s):

• On Friday, October 24th, Dean Myles Shillington sold 500,000 shares of Zedcor stock. The stock was sold at an average price of C$6.25, for a total transaction of C$3,125,000.00.

Zedcor Stock Performance

CVE ZDC traded up C$0.18 during trading hours on Friday, hitting C$6.24. The company had a trading volume of 327,760 shares, compared to its average volume of 288,448. The business has a 50 day moving average of C$5.65 and a 200-day moving average of C$4.47. The company has a market cap of C$656.82 million, a PE ratio of 312.00 and a beta of 1.26. Zedcor Inc. has a 1-year low of C$2.56 and a 1-year high of C$7.00. The company has a debt-to-equity ratio of 78.93, a quick ratio of 0.87 and a current ratio of 1.14.

Wall Street Analyst Weigh In

ZDC has been the subject of several recent analyst reports. Stifel Nicolaus set a C$7.00 price target on Zedcor and gave the company a “buy” rating in a report on Wednesday, August 20th. Canaccord Genuity Group increased their price objective on Zedcor from C$5.25 to C$7.00 in a research report on Friday, October 17th. Stifel Canada upgraded shares of Zedcor to a “strong-buy” rating in a research report on Tuesday, August 19th. National Bankshares upped their price target on shares of Zedcor from C$5.50 to C$7.50 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Desjardins set a C$7.50 price target on shares of Zedcor and gave the company a “buy” rating in a report on Thursday, October 23rd. Three investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$6.65.

About Zedcor

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.