Maris-Tech (NASDAQ:MTEK) Shares Up 5.3% – Here’s Why

Maris-Tech Ltd. (NASDAQ:MTEK) shares rose 5.3% on Friday . The company traded as high as $1.20 and last traded at $1.20. Approximately 35,546 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 51,638 shares. The stock had previously closed at $1.14.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MTEK. Weiss Ratings downgraded Maris-Tech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Wall Street Zen downgraded Maris-Tech to a “strong sell” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Maris-Tech Price Performance

The company’s fifty day moving average price is $1.12 and its 200 day moving average price is $1.33. The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 3.25.

Institutional Investors Weigh In On Maris-Tech

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of Maris-Tech in the 2nd quarter worth approximately $66,000. Osaic Holdings Inc. grew 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 acquiring an additional 25,200 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Maris-Tech during the fourth quarter valued at approximately $33,000. 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.