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

Shares of Maris-Tech Ltd. (NASDAQ:MTEKGet Free Report) rose 1% during trading on Friday . The company traded as high as $1.0844 and last traded at $1.03. Approximately 33,501 shares were traded during mid-day trading, a decline of 45% from the average session volume of 61,166 shares. The stock had previously closed at $1.02.

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, September 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Research Report on Maris-Tech

Maris-Tech Price Performance

The stock’s 50 day simple moving average is $1.10 and its 200 day simple moving average is $1.27. The company has a quick ratio of 1.00, a current ratio of 1.69 and a debt-to-equity ratio of 3.25.

Maris-Tech (NASDAQ:MTEKGet Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $1.04 million for the quarter.

Institutional Investors Weigh In On Maris-Tech

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in Maris-Tech during the fourth quarter worth about $33,000. Osaic Holdings Inc. increased its position in shares of 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 purchasing an additional 25,200 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Maris-Tech during the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors own 0.55% of the company’s stock.

About Maris-Tech

(Get Free Report)

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.

Further Reading

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