ZenaTech (NASDAQ:ZENA) Upgraded at Litchfield Hills Research

ZenaTech (NASDAQ:ZENA) was upgraded by equities researchers at Litchfield Hills Research to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

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

ZenaTech Trading Up 3.0%

ZENA opened at $1.39 on Monday. ZenaTech has a 12 month low of $1.15 and a 12 month high of $7.11. The stock has a market capitalization of $31.28 million, a price-to-earnings ratio of -0.98 and a beta of 7.11. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.64 and a quick ratio of 2.47. The business has a fifty day moving average price of $1.89 and a 200 day moving average price of $2.72.

ZenaTech (NASDAQ:ZENA) last released its earnings results on Wednesday, June 3rd. The company reported ($0.36) EPS 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 analysts’ expectations of $4.53 million.

Institutional Trading of ZenaTech

Institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers purchased a new stake in shares of ZenaTech in the 1st quarter valued at about $36,000. SEB Asset Management AB purchased a new stake in shares of ZenaTech in the 1st quarter valued at about $345,000. Wealth Effects LLC lifted its holdings in shares of ZenaTech by 31.3% in the 1st quarter. Wealth Effects LLC now owns 63,000 shares of the company’s stock valued at $144,000 after purchasing an additional 15,000 shares during the last quarter. Barclays PLC increased its position in ZenaTech by 208.5% in the 4th quarter. Barclays PLC now owns 11,163 shares of the company’s stock valued at $36,000 after acquiring an additional 7,544 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in ZenaTech in the 3rd quarter valued at about $62,000.

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.