ZenaTech (NASDAQ:ZENA) Stock Price Up 15.4% – Here’s What Happened

Shares of ZenaTech, Inc. (NASDAQ:ZENA) traded up 15.4% during trading on Thursday . The company traded as high as $3.39 and last traded at $3.37. 1,518,366 shares changed hands during trading, an increase of 127% from the average session volume of 668,329 shares. The stock had previously closed at $2.92.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ZENA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of ZenaTech in a research note on Wednesday, October 8th. Wall Street Zen cut ZenaTech from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ZenaTech presently has an average rating of “Hold” and a consensus target price of $9.00.

ZenaTech Price Performance

The company’s 50 day moving average price is $4.02 and its two-hundred day moving average price is $4.56. The stock has a market capitalization of $83.25 million, a PE ratio of -9.49 and a beta of 14.11.

ZenaTech (NASDAQ:ZENA) last posted its earnings results on Tuesday, November 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The business had revenue of $3.16 million during the quarter, compared to the consensus estimate of $3.09 million.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. DNB Asset Management AS acquired a new stake in ZenaTech in the second quarter valued at $183,000. Janney Montgomery Scott LLC acquired a new stake in shares of ZenaTech during the 2nd quarter worth about $69,000. Virtu Financial LLC acquired a new position in ZenaTech in the 3rd quarter valued at $135,000. Advisory Services Network LLC acquired a new position in shares of ZenaTech during the 3rd quarter valued at about $65,000. Finally, Geode Capital Management LLC acquired a new position in ZenaTech in the second quarter valued at $64,000.

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.