Zedcor (CVE:ZDC) Shares Down 16.3% – What’s Next?

Zedcor Inc. (CVE:ZDC)’s stock price dropped 16.3% during trading on Wednesday . The stock traded as low as C$4.39 and last traded at C$4.78. Approximately 4,273,584 shares were traded during mid-day trading, an increase of 205% from the average daily volume of 1,402,575 shares. The stock had previously closed at C$5.71.

Trending Headlines about Zedcor

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Analysts Set New Price Targets

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

Zedcor Stock Performance

The company has a debt-to-equity ratio of 78.93, a quick ratio of 0.87 and a current ratio of 1.14. The stock’s 50 day moving average price is C$5.99 and its 200 day moving average price is C$5.14. The company has a market capitalization of C$576.37 million, a P/E ratio of 273.00 and a beta of 1.21.

Insider Activity

In related news, Director Dean Sylvan Swanberg sold 1,000,000 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of C$6.50, for a total transaction of C$6,500,000.00. Following the transaction, the director owned 15,400,000 shares in the company, valued at 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 stock in a transaction on Monday, October 27th. The stock was sold at an average price of C$6.45, for a total transaction of C$12,900,000.00. Following the transaction, the director directly owned 744,905 shares in the company, valued at approximately C$4,804,637.25. This represents a 72.86% decrease in their ownership of the stock. In the last 90 days, insiders have sold 4,501,800 shares of company stock worth $28,785,530. 30.15% of the stock is owned by corporate insiders.

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. It serves customers in the construction, mining, oil and gas, pipeline and facilities, office, commercial, retail, industrial manufacturing, warehouse, and automotive sectors.