Maris-Tech (NASDAQ:MTEK) Trading Up 0.3% – What’s Next?

Maris-Tech Ltd. (NASDAQ:MTEK) shares traded up 0.3% on Friday . The company traded as high as $1.61 and last traded at $1.4640. 317,931 shares changed hands during trading, a decline of 86% from the average session volume of 2,280,362 shares. The stock had previously closed at $1.46.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Maris-Tech in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Maris-Tech Trading Up 0.3%

The company has a 50 day moving average of $1.65 and a 200-day moving average of $1.79.

Institutional Investors Weigh In On Maris-Tech

A number of hedge funds have recently added to or reduced their stakes in MTEK. Jane Street Group LLC purchased a new position in Maris-Tech in the 2nd quarter valued at approximately $66,000. Osaic Holdings Inc. raised its stake 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 acquired a new stake in shares of Maris-Tech in the fourth quarter valued at $33,000. 0.55% of the stock is currently owned by institutional investors and hedge funds.

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.