Zedcor (CVE:ZDC) Stock Price Down 2.2% – Time to Sell?

Zedcor Inc. (CVE:ZDC)’s share price dropped 2.2% during mid-day trading on Tuesday. The stock traded as low as C$5.23 and last traded at C$5.23. Approximately 21,792 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 265,907 shares. The stock had previously closed at C$5.35.

Zedcor Stock Performance

The stock has a 50-day moving average of C$4.98 and a 200 day moving average of C$5.36. The company has a debt-to-equity ratio of 70.92, a current ratio of 0.84 and a quick ratio of 0.87. The stock has a market capitalization of C$589.89 million, a price-to-earnings ratio of -523.00 and a beta of 1.24.

Insider Activity at Zedcor

In other Zedcor news, Director Wade Robert Arthur Felesky sold 100,000 shares of the firm’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 transaction, the director directly owned 494,500 shares of the company’s stock, valued at approximately C$2,571,400. This trade represents a 16.82% decrease in their ownership of the stock. Also, Director Brian Desmond Mcgill sold 20,000 shares of the firm’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 transaction of C$104,000.00. Following the completion of the transaction, 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. Corporate insiders own 30.15% of the company’s stock.

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.