ZenaTech (NASDAQ:ZENA) Trading Up 15.4% – What’s Next?

ZenaTech, Inc. (NASDAQ:ZENA) shares traded up 15.4% during trading on Thursday . The stock 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.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen lowered ZenaTech from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of ZenaTech in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ZenaTech presently has a consensus rating of “Hold” and a consensus target price of $9.00.

ZenaTech Trading Up 15.4%

The firm has a 50-day moving average of $4.06 and a two-hundred day moving average of $4.55. The firm has a market capitalization of $75.83 million, a P/E ratio of -8.64 and a beta of 14.11.

ZenaTech (NASDAQ:ZENA) last issued its earnings results on Tuesday, November 11th. The company reported ($0.25) 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 analysts’ expectations of $3.09 million.

Institutional Trading of ZenaTech

A number of hedge funds have recently added to or reduced their stakes in ZENA. Delos Wealth Advisors LLC bought a new stake in shares of ZenaTech during the third quarter worth $26,000. XTX Topco Ltd acquired a new stake in shares of ZenaTech during the 2nd quarter valued at $53,000. BNP Paribas Financial Markets bought a new stake in ZenaTech during the 3rd quarter worth $62,000. Geode Capital Management LLC acquired a new position in ZenaTech in the 2nd quarter worth about $64,000. Finally, Advisory Services Network LLC bought a new position in ZenaTech in the third quarter valued at about $65,000.

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.