Maris-Tech (NASDAQ:MTEK) Shares Up 1% – Here’s What Happened

Maris-Tech Ltd. (NASDAQ:MTEK) shares were up 1% during mid-day trading on Friday . The stock traded as high as $1.0844 and last traded at $1.03. 33,501 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 61,166 shares. The stock had previously closed at $1.02.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Maris-Tech from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Maris-Tech Stock Performance

The firm has a 50-day moving average of $1.10 and a 200-day moving average of $1.27. The company has a current ratio of 1.69, a quick ratio of 1.00 and a debt-to-equity ratio of 3.25.

Maris-Tech (NASDAQ:MTEK) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.14) EPS for the quarter. The business had revenue of $1.04 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in Maris-Tech in the 4th quarter worth $33,000. Osaic Holdings Inc. increased its position in shares of 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 shares of Maris-Tech during the second quarter valued at about $66,000. 0.55% of the stock is owned by hedge funds and other 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.