Insider Selling: Zedcor (CVE:ZDC) Director Sells C$104,000.00 in Stock

Zedcor Inc. (CVE:ZDC) Director Brian Desmond Mcgill sold 20,000 shares of the firm’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 C$906,360. This trade represents a 10.29% decrease in their ownership of the stock.

Zedcor Price Performance

Shares of Zedcor stock traded down C$0.03 on Tuesday, hitting C$5.08. 169,653 shares of the company were exchanged, compared to its average volume of 303,022. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 53.80. The company has a 50-day moving average price of C$5.74 and a 200 day moving average price of C$5.72. The stock has a market capitalization of C$563.51 million, a price-to-earnings ratio of 508.00 and a beta of 1.25. Zedcor Inc. has a 1-year low of C$3.82 and a 1-year high of C$7.00.

Analyst Upgrades and Downgrades

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

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.