Maris-Tech (NASDAQ:MTEK) Stock Price Up 6% – Should You Buy?

Maris-Tech Ltd. (NASDAQ:MTEK) rose 6% on Thursday . The company traded as high as $3.04 and last traded at $2.98. Approximately 59,685 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 95,269 shares. The stock had previously closed at $2.81.

Maris-Tech Stock Up 6.0%

The stock has a fifty day moving average price of $2.40 and a two-hundred day moving average price of $2.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.68 and a quick ratio of 1.88.

Institutional Investors Weigh In On Maris-Tech

A number of hedge funds and other institutional investors have recently made changes to their positions in MTEK. AMH Equity Ltd grew its position in shares of Maris-Tech by 33.7% in the fourth quarter. AMH Equity Ltd now owns 730,000 shares of the company’s stock valued at $3,679,000 after purchasing an additional 184,112 shares during the period. XTX Topco Ltd purchased a new stake in shares of Maris-Tech in the first quarter valued at $33,000. Finally, IFP Advisors Inc purchased a new stake in shares of Maris-Tech in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 0.55% of the company’s stock.

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.