ZenaTech (NASDAQ:ZENA) Releases Quarterly Earnings Results

ZenaTech (NASDAQ:ZENA) issued its earnings results on Wednesday. The company reported ($0.36) earnings per share for the quarter, Zacks reports.

ZenaTech Stock Up 9.6%

Shares of NASDAQ ZENA opened at $1.64 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 2.03 and a debt-to-equity ratio of 0.84. ZenaTech has a 12-month low of $1.15 and a 12-month high of $7.11. The firm’s 50-day moving average price is $1.99 and its 200-day moving average price is $2.80. The stock has a market capitalization of $36.99 million, a price-to-earnings ratio of -1.55 and a beta of 7.07.

Wall Street Analysts Forecast Growth

ZENA has been the topic of a number of recent research reports. Weiss Ratings downgraded ZenaTech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Wall Street Zen cut shares of ZenaTech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ZenaTech has an average rating of “Hold” and a consensus price target of $9.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ZENA. 683 Capital Management LLC purchased a new stake in shares of ZenaTech during the fourth quarter valued at $410,000. OMERS ADMINISTRATION Corp purchased a new stake in ZenaTech in the fourth quarter worth about $387,000. Vident Advisory LLC bought a new position in ZenaTech during the 3rd quarter worth about $534,000. Virtu Financial LLC bought a new position in ZenaTech during the 3rd quarter worth about $135,000. Finally, Geode Capital Management LLC purchased a new position in ZenaTech during the 2nd quarter valued at about $64,000.

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.