Zedcor (CVE:ZDC) Trading Up 3% – Should You Buy?

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

Analyst Ratings Changes

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

Zedcor Stock Performance

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’s fifty day moving average price is C$5.23 and its two-hundred day moving average price is C$5.55. The stock has a market capitalization of C$572.97 million, a PE ratio of -508.00 and a beta of 1.23.

Insiders Place Their Bets

In other Zedcor news, Director Wade Robert Arthur Felesky sold 100,000 shares of Zedcor 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$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 ownership of the stock. Also, Director Brian Desmond Mcgill sold 20,000 shares of the company’s stock in a transaction dated 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 owned 174,300 shares of the company’s stock, valued at approximately C$906,360. This trade represents a 10.29% decrease in their position. 30.15% of the stock is currently owned by 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.