Maris-Tech (NASDAQ:MTEK) Trading Down 7.5% – What’s Next?

Maris-Tech Ltd. (NASDAQ:MTEK)’s share price was down 7.5% on Friday . The stock traded as low as $1.34 and last traded at $1.3360. Approximately 68,790 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 104,306 shares. The stock had previously closed at $1.4450.

Wall Street Analysts Forecast Growth

MTEK has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Maris-Tech in a research note on Wednesday, October 8th. Wall Street Zen cut Maris-Tech from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Maris-Tech Price Performance

The company has a 50-day simple moving average of $1.84 and a two-hundred day simple moving average of $2.49.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in shares of Maris-Tech during the first quarter valued at about $33,000. Jane Street Group LLC purchased a new position in Maris-Tech in the 2nd quarter worth $66,000. Finally, Osaic Holdings Inc. increased its stake in Maris-Tech by 300.0% in the 2nd 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. 0.55% of the stock is currently owned by hedge funds and other institutional investors.

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.