Maris-Tech (NASDAQ:MTEK) Stock Price Down 6.7% – Should You Sell?

Shares of Maris-Tech Ltd. (NASDAQ:MTEK) were down 6.7% on Friday . The stock traded as low as $1.21 and last traded at $1.25. Approximately 165,939 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 1,044,397 shares. The stock had previously closed at $1.34.

Analysts Set New Price Targets

Several analysts have weighed in on MTEK shares. Wall Street Zen downgraded Maris-Tech to a “strong sell” rating in a research report on Saturday, April 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Maris-Tech in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Maris-Tech Stock Performance

The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 3.25. The business has a 50 day moving average price of $1.30 and a 200 day moving average price of $1.43.

Maris-Tech (NASDAQ:MTEK) last issued its earnings results on Friday, May 15th. The company reported $1.67 earnings per share for the quarter. The business had revenue of $0.32 million during the quarter.

Institutional Investors Weigh In On Maris-Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in shares of Maris-Tech during the 4th quarter valued at $33,000. Osaic Holdings Inc. lifted its holdings in Maris-Tech by 300.0% in the second quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock valued at $108,000 after acquiring an additional 25,200 shares during the period. Finally, Jane Street Group LLC bought a new position in Maris-Tech in the second quarter valued at about $66,000. Hedge funds and other institutional investors own 0.55% of the company’s stock.

About Maris-Tech

Maris-Tech Ltd. designs and manufactures digital video and audio hardware and software solutions for the professionals, as well as the civilian and home security markets worldwide. The company offers intelligent video surveillance solutions, communication technology products, modular video encoding/decoding platform, ultra-low latency streaming solutions, dual channel low power encoder systems, multi channel encoding streaming and recording platform, miniature recording and streaming platforms, and video encoding and decoding platform.