ZenaTech (NASDAQ:ZENA) Stock Price Down 7.3% - What's Next?

Key Points

• ZenaTech's stock price has declined by 7.3%, trading as low as $4.55 during the day, with a volume drop of 63% from its average trading volume.
• Wall Street analysts generally have a positive outlook on ZenaTech, with a consensus rating of "Buy" and a target price of $9.00 per share.
• The company reported a quarterly earnings loss of ($0.14) per share with revenue of $1.62 million.

ZenaTech, Inc. (NASDAQ:ZENA - Get Free Report) was down 7.3% on Tuesday . The company traded as low as $4.55 and last traded at $4.58. Approximately 757,414 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 2,052,221 shares. The stock had previously closed at $4.94.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ZENA shares. Wall Street Zen downgraded shares of ZenaTech from a "hold" rating to a "sell" rating in a research report on Friday. Maxim Group started coverage on shares of ZenaTech in a research report on Monday, June 16th. They issued a "buy" rating and a $9.00 price target for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $9.00.

ZenaTech Price Performance

The firm has a 50 day moving average of $4.73 and a two-hundred day moving average of $3.66.

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

Institutional Trading of ZenaTech

Hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in ZenaTech in the second quarter valued at approximately $53,000. Geode Capital Management LLC acquired a new stake in ZenaTech in the second quarter valued at approximately $64,000. Janney Montgomery Scott LLC acquired a new stake in ZenaTech in the second quarter valued at approximately $69,000. Millennium Management LLC acquired a new stake in ZenaTech in the fourth quarter valued at approximately $88,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in ZenaTech in the fourth quarter valued at approximately $90,000.

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.