ZenaTech (NASDAQ:ZENA) Trading Down 7.3% – Should You Sell?

ZenaTech, Inc. (NASDAQ:ZENA)’s share price was down 7.3% during mid-day trading on Tuesday . The company traded as low as $4.55 and last traded at $4.58. Approximately 757,414 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 2,052,221 shares. The stock had previously closed at $4.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ZENA shares. Wall Street Zen raised shares of ZenaTech from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Maxim Group initiated coverage on shares of ZenaTech in a research note on Monday, June 16th. They set a “buy” rating and a $9.00 target price on the stock. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $9.00.

ZenaTech Price Performance

The stock’s fifty day moving average is $4.74 and its 200-day moving average is $3.67.

ZenaTech (NASDAQ:ZENA) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $1.62 million for the quarter.

Institutional Trading of ZenaTech

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in ZenaTech in the 4th quarter valued at about $109,000. Millennium Management LLC purchased a new stake in ZenaTech in the 4th quarter valued at about $88,000. OMERS ADMINISTRATION Corp purchased a new stake in ZenaTech in the 4th quarter valued at about $90,000. Schonfeld Strategic Advisors LLC purchased a new stake in ZenaTech in the 4th quarter valued at about $119,000. Finally, Geode Capital Management LLC purchased a new stake in ZenaTech during the second quarter worth about $64,000.

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.