Brian Desmond Mcgill Sells 1,800 Shares of Zedcor (CVE:ZDC) Stock

Key Points

• Director Brian Desmond Mcgill sold 1,800 shares of Zedcor stock, representing an 18.75% decrease in his position, valuing the transaction at approximately C$10,530.
• Zedcor's stock is currently trading at C$5.80, reflecting a decrease of 1.4% in value, with a market capitalization of C$610.51 million.
• Equity analysts have upgraded Zedcor with a current average rating of "Strong Buy" and a consensus target price of C$5.90, indicating positive future expectations for the company's stock.

Zedcor Inc. (CVE:ZDC - Get Free Report) Director Brian Desmond Mcgill sold 1,800 shares of the business's stock in a transaction dated Friday, October 17th. The shares were sold at an average price of C$5.85, for a total value of C$10,530.00. Following the sale, the director directly owned 7,800 shares of the company's stock, valued at approximately C$45,630. This trade represents a 18.75% decrease in their position.

Zedcor Trading Down 1.4%

ZDC stock traded down C$0.08 during trading on Friday, reaching C$5.80. 438,004 shares of the stock traded hands, compared to its average volume of 236,531. The business's 50 day moving average price is C$4.73 and its 200-day moving average price is C$3.96. Zedcor Inc. has a 52-week low of C$2.47 and a 52-week high of C$6.20. The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87. The firm has a market capitalization of C$610.51 million, a PE ratio of 290.00 and a beta of 1.17.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus set a C$7.00 target price on Zedcor and gave the stock a "buy" rating in a research report on Wednesday, August 20th. National Bankshares upped their target price on Zedcor from C$5.50 to C$7.50 and gave the stock an "outperform" rating in a research report on Thursday, October 9th. Canaccord Genuity Group upped their target price on Zedcor from C$5.25 to C$7.00 in a research report on Friday. Stifel Canada raised Zedcor to a "strong-buy" rating in a report on Tuesday, August 19th. Finally, National Bank Financial raised Zedcor to a "strong-buy" rating in a report on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Strong Buy" and a consensus target price of C$5.90.

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.

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