Maris-Tech Ltd. (NASDAQ:MTEK – Get Free Report) rose 5.3% during trading on Friday . The company traded as high as $1.20 and last traded at $1.20. Approximately 35,546 shares traded hands during trading, a decline of 31% from the average daily volume of 51,638 shares. The stock had previously closed at $1.14.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on MTEK shares. Wall Street Zen cut shares of Maris-Tech to a “strong sell” rating in a research report on Saturday, April 25th. Weiss Ratings downgraded shares of Maris-Tech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
Get Our Latest Report on Maris-Tech
Maris-Tech Stock Up 5.3%
Institutional Investors Weigh In On Maris-Tech
Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Maris-Tech in the 2nd quarter worth approximately $66,000. Osaic Holdings Inc. raised its holdings in Maris-Tech by 300.0% during the 2nd quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock valued at $108,000 after buying an additional 25,200 shares during the period. Finally, XTX Topco Ltd bought a new stake in Maris-Tech in the fourth quarter worth $33,000. 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.
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