ZenaTech (NASDAQ:ZENA) Stock Price Up 10.5% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

ZenaTech Price Performance

The company has a 50-day moving average of $2.07 and a 200-day moving average of $2.91. 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 stock has a market cap of $30.83 million, a price-to-earnings ratio of -1.29 and a beta of 7.96.

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

Hedge Funds Weigh In On ZenaTech

A number of hedge funds and other institutional investors have recently bought and sold shares of ZENA. Advisory Services Network LLC purchased a new position in ZenaTech during the 3rd quarter worth $65,000. Vident Advisory LLC acquired a new stake in shares of ZenaTech in the 3rd quarter worth $534,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of ZenaTech in the fourth quarter valued at about $387,000. Virtu Financial LLC purchased a new stake in shares of ZenaTech in the third quarter valued at about $135,000. Finally, Cetera Investment Advisers acquired a new position in shares of ZenaTech during the first quarter worth about $36,000.

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.