Maris-Tech (NASDAQ:MTEK) Announces Earnings Results

Maris-Tech (NASDAQ:MTEK) released its earnings results on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $1.04 million during the quarter.

Maris-Tech Stock Performance

NASDAQ MTEK opened at $1.07 on Friday. Maris-Tech has a 1 year low of $0.94 and a 1 year high of $4.27. The business’s fifty day moving average is $1.10 and its two-hundred day moving average is $1.30. The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 3.25.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Maris-Tech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Maris-Tech

Large investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of Maris-Tech during the second quarter worth $66,000. XTX Topco Ltd purchased a new stake in shares of Maris-Tech during the fourth quarter valued at $33,000. Finally, Osaic Holdings Inc. boosted its position in shares of Maris-Tech by 300.0% in the 2nd quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock valued at $108,000 after purchasing an additional 25,200 shares during the period. 0.55% of the stock is owned by institutional investors.

Maris-Tech Company Profile

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.