Maris-Tech (NASDAQ:MTEK) Releases Earnings Results

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

Maris-Tech Price Performance

Shares of NASDAQ:MTEK opened at $1.12 on Wednesday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.85 and a current ratio of 1.57. Maris-Tech has a 52-week low of $0.94 and a 52-week high of $4.27. The business has a 50-day moving average price of $1.10 and a 200-day moving average price of $1.30.

Analyst Ratings Changes

Separately, Weiss Ratings cut Maris-Tech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Maris-Tech has a consensus rating of “Sell”.

Institutional Trading of Maris-Tech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of Maris-Tech during the 4th quarter worth approximately $33,000. Jane Street Group LLC acquired a new stake in Maris-Tech in the 2nd quarter worth about $66,000. Finally, Osaic Holdings Inc. increased its stake in Maris-Tech by 300.0% during the 2nd quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock worth $108,000 after buying an additional 25,200 shares in the last quarter. Institutional investors and hedge funds own 0.55% of the company’s stock.

About Maris-Tech

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.