Zedcor (CVE:ZDC) Trading Up 2.4% – Still a Buy?

Zedcor Inc. (CVE:ZDC) traded up 2.4% during mid-day trading on Tuesday . The company traded as high as C$4.70 and last traded at C$4.60. Approximately 158,483 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 267,935 shares. The stock had previously closed at C$4.49.

Wall Street Analyst Weigh In

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

Zedcor Stock Performance

The stock has a fifty day moving average price of C$5.01 and a 200 day moving average price of C$5.41. The company has a current ratio of 0.84, a quick ratio of 0.87 and a debt-to-equity ratio of 70.92. The firm has a market cap of C$532.36 million, a price-to-earnings ratio of -472.00 and a beta of 1.35.

Insiders Place Their Bets

In other news, Director Brian Desmond Mcgill sold 20,000 shares of the business’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 sale, 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 firm’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 in the company, valued at C$2,571,400. The trade was a 16.82% decrease in their ownership of the stock. 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.