Insider Selling: Zedcor (CVE:ZDC) Director Sells C$520,000.00 in Stock

Zedcor Inc. (CVE:ZDC) Director Wade Robert Arthur Felesky sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of C$5.20, for a total value of C$520,000.00. Following the completion of the sale, the director owned 494,500 shares in the company, valued at approximately C$2,571,400. This represents a 16.82% decrease in their position.

Zedcor Stock Performance

CVE ZDC opened at C$5.13 on Friday. The company has a market capitalization of C$569.06 million, a PE ratio of 513.00 and a beta of 1.25. The company has a fifty day moving average of C$5.68 and a 200 day moving average of C$5.71. Zedcor Inc. has a 1 year low of C$3.82 and a 1 year high of C$7.00. The company has a debt-to-equity ratio of 53.80, a current ratio of 1.12 and a quick ratio of 0.87.

Wall Street Analysts Forecast Growth

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

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.