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

Maris-Tech Ltd. (NASDAQ:MTEK) shares were up 1% during mid-day trading on Friday . The company traded as high as $1.0844 and last traded at $1.03. Approximately 33,501 shares changed hands 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.

Wall Street Analysts Forecast Growth

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

Maris-Tech Price Performance

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

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

Institutional Investors Weigh In On Maris-Tech

Several institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in Maris-Tech during the 4th quarter valued at about $33,000. Jane Street Group LLC purchased a new stake in Maris-Tech during the second quarter worth about $66,000. Finally, Osaic Holdings Inc. increased its stake in Maris-Tech by 300.0% during the second quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock worth $108,000 after purchasing an additional 25,200 shares during the period. Hedge funds and other institutional investors 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.