Zedcor (CVE:ZDC) Trading Up 6.6% – Still a Buy?

Zedcor Inc. (CVE:ZDC) shot up 6.6% during mid-day trading on Tuesday . The stock traded as high as C$5.25 and last traded at C$5.18. Approximately 291,164 shares were traded during trading, an increase of 1% from the average daily volume of 288,730 shares. The stock had previously closed at C$4.86.

Analyst Ratings Changes

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

Zedcor Stock Down 4.7%

The company has a debt-to-equity ratio of 53.80, a current ratio of 1.12 and a quick ratio of 0.87. The stock’s fifty day simple moving average is C$5.40 and its 200-day simple moving average is C$5.63. The stock has a market cap of C$539.11 million, a P/E ratio of 486.00 and a beta of 1.23.

Insider Buying and Selling at Zedcor

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