ZenaTech (NASDAQ:ZENA) Shares Up 10.5% – What’s Next?

ZenaTech, Inc. (NASDAQ:ZENA)’s stock price rose 10.5% during trading on Friday . The stock traded as high as $1.38 and last traded at $1.37. Approximately 3,919,783 shares traded hands during trading, an increase of 35% from the average daily volume of 2,894,078 shares. The stock had previously closed at $1.24.

Analyst Upgrades and Downgrades

ZENA has been the topic of several recent research reports. Wall Street Zen downgraded shares of ZenaTech from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. Weiss Ratings downgraded shares of ZenaTech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.00.

ZenaTech Trading Up 10.5%

The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.03 and a current ratio of 2.22. The firm’s fifty day simple moving average is $2.07 and its 200-day simple moving average is $2.91. The stock has a market cap of $30.83 million, a P/E ratio of -1.29 and a beta of 7.96.

ZenaTech (NASDAQ:ZENA) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.59). The business had revenue of $3.86 million for the quarter, compared to analysts’ expectations of $4.15 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC bought a new position in ZenaTech during the 3rd quarter worth approximately $26,000. Barclays PLC raised its holdings in ZenaTech by 208.5% during the 4th quarter. Barclays PLC now owns 11,163 shares of the company’s stock worth $36,000 after purchasing an additional 7,544 shares during the last quarter. Focus Financial Network Inc. bought a new position in ZenaTech during the 4th quarter worth approximately $33,000. BNP Paribas Financial Markets bought a new position in ZenaTech during the 3rd quarter worth approximately $62,000. Finally, Advisory Services Network LLC bought a new position in ZenaTech during the 3rd quarter worth approximately $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.