ZenaTech (NASDAQ:ZENA) Stock Price Down 9.5% – What’s Next?

ZenaTech, Inc. (NASDAQ:ZENA) shares were down 9.5% on Friday . The company traded as low as $4.48 and last traded at $4.55. Approximately 1,902,406 shares changed hands during trading, an increase of 44% from the average daily volume of 1,317,472 shares. The stock had previously closed at $5.03.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ZenaTech in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.00.

ZenaTech Stock Down 9.5%

The stock has a fifty day moving average of $3.53 and a two-hundred day moving average of $4.52. The stock has a market cap of $102.38 million, a price-to-earnings ratio of -11.67 and a beta of 14.16.

ZenaTech (NASDAQ:ZENA) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.09 million.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. DNB Asset Management AS acquired a new position in shares of ZenaTech in the 2nd quarter worth approximately $183,000. Janney Montgomery Scott LLC bought a new position in ZenaTech during the second quarter worth $69,000. Vontobel Holding Ltd. bought a new position in ZenaTech during the third quarter worth $79,000. Wealth Effects LLC acquired a new position in ZenaTech in the third quarter worth $110,000. Finally, Citizens Financial Group Inc. RI bought a new stake in ZenaTech during the third quarter valued at $144,000.

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.