ZenaTech (NASDAQ:ZENA) Issues Quarterly Earnings Results

Key Points

• ZenaTech reported a quarterly earnings loss of ($0.14) EPS, with its stock price rising to $5.58 during trading on Tuesday.
• The company saw an increase in trading volume, with 22,140,591 shares traded compared to its average of 2,551,580 shares.
• Analyst reports reflect a shift in sentiment, with Maxim Group initiating coverage with a "buy" rating and a price target of $9.00, while Wall Street Zen upgraded the stock from "sell" to "hold".

ZenaTech (NASDAQ:ZENA - Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.14) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $1.62 million during the quarter.

ZenaTech Stock Performance

ZENA stock traded down $0.24 during midday trading on Friday, hitting $4.93. 699,245 shares of the company's stock were exchanged, compared to its average volume of 2,134,303. The stock's fifty day moving average price is $4.74 and its 200-day moving average price is $3.66. ZenaTech has a one year low of $1.41 and a one year high of $12.43.

Institutional Trading of ZenaTech

An institutional investor recently bought a new position in ZenaTech stock. XTX Topco Ltd purchased a new position in shares of ZenaTech, Inc. (NASDAQ:ZENA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,427 shares of the company's stock, valued at approximately $53,000. XTX Topco Ltd owned about 0.06% of ZenaTech as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ZENA. Wall Street Zen upgraded ZenaTech from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Maxim Group initiated coverage on ZenaTech in a research report on Monday, June 16th. They issued a "buy" rating and a $9.00 price objective for the company.

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.