Zedcor (CVE:ZDC) Stock Price Up 3% – Time to Buy?

Zedcor Inc. (CVE:ZDC) shares shot up 3% during mid-day trading on Tuesday . The stock traded as high as C$5.11 and last traded at C$5.08. Approximately 207,069 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 278,171 shares. The stock had previously closed at C$4.93.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$7.50 price objective on shares of Zedcor and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$7.67.

Zedcor Stock Up 2.5%

The firm has a 50-day moving average price of C$5.22 and a two-hundred day moving average price of C$5.54. The firm has a market cap of C$554.92 million, a price-to-earnings ratio of -492.00 and a beta of 1.23. The company has a debt-to-equity ratio of 70.92, a quick ratio of 0.87 and a current ratio of 0.84.

Insider Activity at Zedcor

In other news, Director Brian Desmond Mcgill sold 20,000 shares of the company’s stock in a transaction on Monday, July 13th. The shares were 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 owned 174,300 shares in the company, valued at approximately C$906,360. This represents a 10.29% decrease in their position. Also, Director Wade Robert Arthur Felesky sold 100,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director owned 494,500 shares of the company’s stock, valued at approximately C$2,571,400. The trade was a 16.82% decrease in their position. 30.15% of the stock is currently owned by 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.