ZenaTech (NASDAQ:ZENA) Announces Quarterly Earnings Results

ZenaTech (NASDAQ:ZENA) announced its earnings results on Wednesday. The company reported ($0.36) earnings per share for the quarter, Zacks reports. The company had revenue of $6.04 million during the quarter.

ZenaTech Trading Up 0.7%

NASDAQ:ZENA opened at $1.51 on Thursday. 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 1-year low of $1.15 and a 1-year high of $7.11. The firm has a market capitalization of $33.98 million, a price-to-earnings ratio of -1.42 and a beta of 7.07. The stock has a fifty day simple moving average of $1.95 and a 200 day simple moving average of $2.76.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings cut ZenaTech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered ZenaTech from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9.00.

Hedge Funds Weigh In On ZenaTech

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 683 Capital Management LLC acquired a new position in shares of ZenaTech in the 4th quarter valued at $410,000. OMERS ADMINISTRATION Corp acquired a new stake in ZenaTech during the 4th quarter worth about $387,000. Vident Advisory LLC acquired a new stake in ZenaTech during the 3rd quarter worth about $534,000. Virtu Financial LLC acquired a new stake in ZenaTech during the 3rd quarter worth about $135,000. Finally, Geode Capital Management LLC acquired a new stake in ZenaTech during the 2nd quarter worth about $64,000.

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.