ZenaTech (NASDAQ:ZENA) Trading Down 0.8% – Time to Sell?

ZenaTech, Inc. (NASDAQ:ZENA)’s share price was down 0.8% during trading on Monday . The stock traded as low as $1.25 and last traded at $1.27. Approximately 1,506,563 shares were traded during trading, a decline of 11% from the average daily volume of 1,697,511 shares. The stock had previously closed at $1.28.

Analyst Ratings Changes

Several analysts recently weighed in on ZENA shares. Litchfield Hills Research initiated coverage on shares of ZenaTech in a research report on Monday, June 8th. They issued a “buy” rating and a $4.00 price objective on the stock. Weiss Ratings upgraded ZenaTech from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Maxim Group cut their target price on ZenaTech from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Zacks Research raised ZenaTech to a “hold” rating in a research note on Tuesday, June 9th. Finally, Wall Street Zen cut shares of ZenaTech from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, ZenaTech currently has a consensus rating of “Hold” and a consensus price target of $4.50.

ZenaTech Stock Up 3.0%

The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.47 and a current ratio of 2.64. The stock’s fifty day simple moving average is $1.43 and its two-hundred day simple moving average is $2.15. The company has a market capitalization of $31.27 million, a price-to-earnings ratio of -0.98 and a beta of 7.14.

ZenaTech (NASDAQ:ZENA) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.20). The firm had revenue of $6.04 million for the quarter, compared to the consensus estimate of $4.53 million. On average, sell-side analysts anticipate that ZenaTech, Inc. will post -0.92 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of ZenaTech by 208.5% during the 4th quarter. Barclays PLC now owns 11,163 shares of the company’s stock valued at $36,000 after acquiring an additional 7,544 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of ZenaTech in the 3rd quarter worth $62,000. Advisory Services Network LLC acquired a new position in shares of ZenaTech in the 3rd quarter worth $65,000. Bank of America Corp DE grew its holdings in shares of ZenaTech by 8,436.6% in the 1st quarter. Bank of America Corp DE now owns 14,000 shares of the company’s stock worth $32,000 after acquiring an additional 13,836 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of ZenaTech during the second quarter worth $53,000.

About ZenaTech

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.