Maris-Tech (NASDAQ:MTEK) Posts Quarterly Earnings Results

Maris-Tech (NASDAQ:MTEK) issued its quarterly earnings data on Friday. The company reported $1.67 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.32 million for the quarter.

Maris-Tech Stock Performance

Shares of NASDAQ MTEK traded down $0.05 during midday trading on Friday, reaching $1.13. 200,202 shares of the company were exchanged, compared to its average volume of 116,667. Maris-Tech has a 1 year low of $1.03 and a 1 year high of $4.27. The stock has a fifty day simple moving average of $1.41 and a 200 day simple moving average of $1.45.

Hedge Funds Weigh In On Maris-Tech

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new position in shares of Maris-Tech during the fourth quarter worth about $33,000. Osaic Holdings Inc. grew its holdings in shares of 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 buying an additional 25,200 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Maris-Tech during the second quarter worth about $66,000. Hedge funds and other institutional investors own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTEK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maris-Tech in a report on Tuesday, April 21st. Wall Street Zen lowered 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, Based on data from MarketBeat, Maris-Tech currently has an average rating of “Sell”.

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.