Maris-Tech (NASDAQ:MTEK) Shares Climb 1.1% – Should You Buy?

Shares of Maris-Tech Ltd. (NASDAQ:MTEK) traded up 1.1% during trading on Tuesday. The stock traded as high as $0.3478 and last traded at $0.3336. Approximately 85,704 shares changed hands during trading, a decline of 60% from the average daily volume of 212,799 shares. The stock had previously closed at $0.33.

Wall Street Analysts Forecast Growth

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

Maris-Tech Stock Up 2.6%

The stock’s 50 day moving average price is $0.74 and its two-hundred day moving average price is $1.19.

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

Maris-Tech Company Profile

Maris-Tech Ltd. is an Israeli technology company that develops edge-computing and video-streaming solutions for defense, aerospace, homeland security, and other mission-critical applications. Its systems are designed to capture, process, compress, record, and transmit high-resolution video and other data in real time, including in environments with limited communications bandwidth.

The company offers compact, ruggedized embedded computing platforms and video-processing products for applications such as unmanned aerial and ground systems, intelligence and surveillance, remote monitoring, and situational awareness.