ZenaTech (NASDAQ:ZENA) Upgraded to “Strong-Buy” at Litchfield Hills Research

Litchfield Hills Research upgraded shares of ZenaTech (NASDAQ:ZENA) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

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

ZenaTech Price Performance

ZENA stock opened at $1.39 on Monday. ZenaTech has a 1 year low of $1.15 and a 1 year 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’s 50 day moving average price is $1.89 and its 200 day moving average price is $2.72. The firm has a market cap of $31.28 million, a P/E ratio of -0.98 and a beta of 7.11.

ZenaTech (NASDAQ:ZENA) last issued its quarterly earnings results 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 business 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 made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new stake in ZenaTech during the 3rd quarter worth $26,000. Bank of America Corp DE boosted its position in ZenaTech by 8,436.6% during the 1st quarter. Bank of America Corp DE now owns 14,000 shares of the company’s stock worth $32,000 after purchasing an additional 13,836 shares during the period. Focus Financial Network Inc. purchased a new stake in ZenaTech during the 4th quarter worth $33,000. Cetera Investment Advisers purchased a new stake in ZenaTech during the 1st quarter worth $36,000. Finally, Barclays PLC boosted its position in ZenaTech by 208.5% during the 4th quarter. Barclays PLC now owns 11,163 shares of the company’s stock worth $36,000 after purchasing an additional 7,544 shares during the period.

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.