Maris-Tech (NASDAQ:MTEK) Trading Down 6.7% – Time to Sell?

Shares of Maris-Tech Ltd. (NASDAQ:MTEK) fell 6.7% during mid-day trading on Friday . The stock traded as low as $1.21 and last traded at $1.25. 165,939 shares were traded during trading, a decline of 84% from the average session volume of 1,044,397 shares. The stock had previously closed at $1.34.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MTEK. Weiss Ratings reissued a “sell (d-)” rating on shares of Maris-Tech in a report on Tuesday, April 21st. Wall Street Zen cut Maris-Tech to a “strong sell” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Maris-Tech Stock Down 6.7%

The company has a 50 day moving average of $1.30 and a 200 day moving average of $1.43. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.57 and a quick ratio of 0.85.

Maris-Tech (NASDAQ:MTEK) last posted its quarterly earnings results on Friday, May 15th. The company reported $1.67 earnings per share (EPS) for the quarter. The firm had revenue of $0.32 million for the quarter.

Institutional Investors Weigh In On Maris-Tech

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of Maris-Tech in the second quarter worth about $66,000. Osaic Holdings Inc. lifted its stake in shares of Maris-Tech by 300.0% in the second quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock worth $108,000 after acquiring an additional 25,200 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Maris-Tech in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 0.55% of the company’s stock.

Maris-Tech Company Profile

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.