Maris-Tech (NASDAQ:MTEK) Shares Up 3.9% – Here’s What Happened

Maris-Tech Ltd. (NASDAQ:MTEK) shot up 3.9% during trading on Thursday . The stock traded as high as $1.33 and last traded at $1.32. 47,329 shares were traded during trading, a decline of 62% from the average session volume of 123,709 shares. The stock had previously closed at $1.27.

Analyst Ratings Changes

Several brokerages have recently commented on MTEK. Wall Street Zen downgraded Maris-Tech to a “strong sell” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maris-Tech in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Maris-Tech Stock Performance

The stock has a 50-day simple moving average of $1.36 and a 200 day simple moving average of $1.44.

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

Institutional Investors Weigh In On Maris-Tech

A number of institutional investors have recently bought and sold shares of MTEK. Osaic Holdings Inc. grew its stake in shares of Maris-Tech by 300.0% in the 2nd quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock valued at $108,000 after buying an additional 25,200 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Maris-Tech in the 2nd quarter valued at approximately $66,000. Finally, XTX Topco Ltd bought a new stake in shares of Maris-Tech in the 4th quarter valued at approximately $33,000. 0.55% of the stock is currently owned by institutional investors and hedge funds.

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.