Maris-Tech (NASDAQ:MTEK) Trading 5.3% Higher – Here’s Why

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

Analyst Ratings Changes

A number of equities analysts have recently commented on MTEK shares. Weiss Ratings cut Maris-Tech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Wall Street Zen lowered Maris-Tech to a “strong sell” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Maris-Tech Stock Up 5.3%

The company’s 50 day moving average price is $1.12 and its 200-day moving average price is $1.33. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.85 and a current ratio of 1.57.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MTEK. Jane Street Group LLC acquired a new stake in Maris-Tech in the 2nd quarter valued at $66,000. Osaic Holdings Inc. raised its holdings in 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, XTX Topco Ltd acquired a new position in Maris-Tech during the fourth quarter worth $33,000. 0.55% of the stock is owned by 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.