ZenaTech (NASDAQ:ZENA) Posts Quarterly Earnings Results

ZenaTech (NASDAQ:ZENA – Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.36) earnings per share for the quarter, Zacks reports. The firm had revenue of $6.04 million for the quarter.

ZenaTech Stock Performance

NASDAQ ZENA opened at $1.52 on Friday. The company has a 50-day simple moving average of $1.93 and a two-hundred day simple moving average of $2.75. The company has a quick ratio of 2.03, a current ratio of 2.22 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 has a market cap of $34.20 million, a price-to-earnings ratio of -1.07 and a beta of 7.07.

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Institutional Trading of ZenaTech

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in ZenaTech by 208.5% during the fourth quarter. Barclays PLC now owns 11,163 shares of the company’s stock valued at $36,000 after buying an additional 7,544 shares during the period. BNP Paribas Financial Markets purchased a new stake in ZenaTech during the third quarter valued at about $62,000. Advisory Services Network LLC purchased a new stake in ZenaTech during the third quarter valued at about $65,000. XTX Topco Ltd purchased a new stake in ZenaTech during the second quarter valued at about $53,000. Finally, Geode Capital Management LLC purchased a new stake in ZenaTech during the second quarter valued at about $64,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ZENA shares. Wall Street Zen cut ZenaTech from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 11th. Weiss Ratings cut ZenaTech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ZenaTech has an average rating of “Hold” and an average target price of $9.00.

Read Our Latest Stock Report on ZenaTech

ZenaTech Company Profile

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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.

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