Zedcor (CVE:ZDC) Stock Price Down 15.6% – What’s Next?

Zedcor Inc. (CVE:ZDC)’s share price dropped 15.6% during trading on Wednesday . The stock traded as low as C$4.39 and last traded at C$4.82. Approximately 2,569,871 shares traded hands during mid-day trading, an increase of 212% from the average daily volume of 823,701 shares. The stock had previously closed at C$5.71.

Key Zedcor News

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Analyst Ratings Changes

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

Zedcor Price Performance

The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87. The stock has a market capitalization of C$576.37 million, a price-to-earnings ratio of 273.00 and a beta of 1.21. The company has a 50-day simple moving average of C$6.02 and a two-hundred day simple moving average of C$5.12.

Insider Buying and Selling

In related news, 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 transaction of C$6,500,000.00. Following the completion of the sale, the director directly owned 15,400,000 shares in the company, valued at approximately C$100,100,000. This trade represents a 6.10% decrease in their ownership of the stock. Also, Director Dean Myles Shillington sold 2,000,000 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 744,905 shares of the company’s stock, valued at C$4,804,637.25. This trade represents a 72.86% decrease in their ownership of the stock. Insiders have sold 4,501,800 shares of company stock worth $28,785,530 in the last 90 days. 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.