Maris-Tech (NASDAQ:MTEK) Stock Price Up 2% – What’s Next?

Maris-Tech Ltd. (NASDAQ:MTEK) shares traded up 2% on Wednesday . The stock traded as high as $1.06 and last traded at $1.03. 94,845 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 457,209 shares. The stock had previously closed at $1.01.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MTEK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maris-Tech in a research report on Tuesday, April 21st. Wall Street Zen lowered Maris-Tech to a “strong sell” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Maris-Tech Price Performance

The firm’s 50-day moving average is $1.19 and its 200-day moving average is $1.40. 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 released its quarterly earnings data on Friday, May 15th. The company reported $1.67 earnings per share for the quarter. The business had revenue of $0.32 million for the quarter.

Institutional Trading of Maris-Tech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTEK. Jane Street Group LLC purchased a new stake in shares of Maris-Tech in the second quarter worth approximately $66,000. Osaic Holdings Inc. lifted its holdings 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 valued at $108,000 after purchasing an additional 25,200 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Maris-Tech during the fourth quarter valued at approximately $33,000. 0.55% of the stock is owned by institutional investors.

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.