ZenaTech (NASDAQ:ZENA) Upgraded at Litchfield Hills Research

ZenaTech (NASDAQ:ZENAGet Free Report) was upgraded by research analysts at Litchfield Hills Research to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. Weiss Ratings lowered ZenaTech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. Maxim Group lowered their price target on ZenaTech from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Monday. Finally, Wall Street Zen lowered ZenaTech from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.50.

Read Our Latest Report on ZenaTech

ZenaTech Trading Up 3.0%

Shares of ZenaTech stock opened at $1.39 on Monday. The firm has a market capitalization of $31.28 million, a price-to-earnings ratio of -0.98 and a beta of 7.11. ZenaTech has a fifty-two week low of $1.15 and a fifty-two week high of $7.11. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.47 and a current ratio of 2.64. The stock has a 50 day moving average of $1.89 and a 200 day moving average of $2.72.

ZenaTech (NASDAQ:ZENAGet Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.20). The company had revenue of $6.04 million during the quarter, compared to the consensus estimate of $4.53 million.

Institutional Trading of ZenaTech

A number of institutional investors and hedge funds have recently bought and sold shares of ZENA. Geode Capital Management LLC purchased a new stake in ZenaTech during the second quarter worth about $64,000. XTX Topco Ltd purchased a new stake in ZenaTech during the second quarter worth about $53,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in ZenaTech during the third quarter worth about $604,000. DNB Asset Management AS increased its stake in ZenaTech by 194.9% during the third quarter. DNB Asset Management AS now owns 145,470 shares of the company’s stock worth $698,000 after purchasing an additional 96,141 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in ZenaTech during the third quarter worth about $62,000.

About ZenaTech

(Get Free Report)

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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