ZenaTech (NASDAQ:ZENA) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• ZenaTech's stock has been given a "Sell (D-)" rating by Weiss Ratings, indicating bearish sentiment towards the company's performance.
• The average rating for ZenaTech is currently "Hold" with a consensus price target of $9.00, although recent reports reflect mixed analyst opinions.
• Shares of ZenaTech have shown volatility, trading down to $5.62 with a one-year low of $1.41 and a high of $12.43.

ZenaTech (NASDAQ:ZENA - Get Free Report)'s stock had its "sell (d-)" rating restated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently issued reports on ZENA. Maxim Group began coverage on ZenaTech in a report on Monday, June 16th. They set a "buy" rating and a $9.00 target price for the company. Wall Street Zen cut ZenaTech from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $9.00.

ZenaTech Stock Performance

Shares of ZENA stock traded down $0.15 during trading hours on Wednesday, reaching $5.62. The company had a trading volume of 739,707 shares, compared to its average volume of 2,217,738. The company has a 50 day moving average of $5.03 and a 200 day moving average of $3.91. ZenaTech has a 1-year low of $1.41 and a 1-year high of $12.43.

ZenaTech (NASDAQ:ZENA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.14) EPS for the quarter. The company had revenue of $1.62 million during the quarter.

Institutional Investors Weigh In On ZenaTech

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in ZenaTech in the 2nd quarter valued at about $53,000. Geode Capital Management LLC acquired a new stake in ZenaTech in the 2nd quarter valued at about $64,000. Janney Montgomery Scott LLC acquired a new stake in ZenaTech in the 2nd quarter valued at about $69,000. Millennium Management LLC acquired a new stake in ZenaTech in the 4th quarter valued at about $88,000. Finally, DNB Asset Management AS acquired a new stake in ZenaTech in the 2nd quarter valued at about $183,000.

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.

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