ZenaTech (NASDAQ:ZENA) Downgraded by Wall Street Zen to “Strong Sell”

ZenaTech (NASDAQ:ZENA) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZenaTech in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ZenaTech presently has an average rating of “Hold” and an average price target of $9.00.

ZenaTech Price Performance

Shares of ZENA opened at $2.17 on Friday. The firm’s 50 day simple moving average is $2.51 and its 200 day simple moving average is $3.58. The company has a market capitalization of $48.83 million, a P/E ratio of -5.56 and a beta of 12.32. ZenaTech has a 1-year low of $1.95 and a 1-year high of $7.11.

Institutional Trading of ZenaTech

Several large investors have recently added to or reduced their stakes in the stock. DNB Asset Management AS boosted its holdings in shares of ZenaTech by 35.5% during the 4th quarter. DNB Asset Management AS now owns 197,138 shares of the company’s stock valued at $631,000 after buying an additional 51,668 shares in the last quarter. 683 Capital Management LLC bought a new stake in shares of ZenaTech during the 4th quarter valued at $410,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of ZenaTech during the 3rd quarter valued at $604,000. OMERS ADMINISTRATION Corp bought a new stake in shares of ZenaTech during the 4th quarter valued at $387,000. Finally, Vident Advisory LLC bought a new stake in shares of ZenaTech during the 3rd quarter valued at $534,000.

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.