ZenaTech (NASDAQ:ZENA) Announces Earnings Results

ZenaTech (NASDAQ:ZENA) released its earnings results on Wednesday. The company reported ($0.36) EPS for the quarter, Zacks reports.

ZenaTech Trading Up 7.0%

ZENA stock traded up $0.11 on Wednesday, hitting $1.61. 11,107,487 shares of the company were exchanged, compared to its average volume of 2,124,974. ZenaTech has a twelve month low of $1.15 and a twelve month high of $7.11. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.22 and a quick ratio of 2.03. The business’s fifty day moving average is $1.99 and its two-hundred day moving average is $2.80. The stock has a market capitalization of $36.11 million, a price-to-earnings ratio of -1.51 and a beta of 7.07.

Analysts Set New Price Targets

A number of research analysts have weighed in on ZENA shares. Weiss Ratings lowered ZenaTech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded ZenaTech from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, ZenaTech currently has an average rating of “Hold” and a consensus price target of $9.00.

Institutional Trading of ZenaTech

Several institutional investors have recently made changes to their positions in the stock. Vident Advisory LLC purchased a new stake in ZenaTech during the third quarter valued at about $534,000. 683 Capital Management LLC purchased a new position in shares of ZenaTech in the 4th quarter worth about $410,000. OMERS ADMINISTRATION Corp acquired a new position in shares of ZenaTech in the 4th quarter valued at about $387,000. Virtu Financial LLC acquired a new position in shares of ZenaTech in the 3rd quarter valued at about $135,000. Finally, Advisory Services Network LLC purchased a new stake in shares of ZenaTech during the 3rd quarter worth about $65,000.

ZenaTech Company Profile

ZenaTech, Inc, an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.