Maris-Tech (NASDAQ:MTEK) Shares Down 3.8% – Should You Sell?

Maris-Tech Ltd. (NASDAQ:MTEK)’s share price was down 3.8% during trading on Monday . The company traded as low as $1.63 and last traded at $1.71. Approximately 109,177 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 189,011 shares. The stock had previously closed at $1.78.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MTEK shares. Wall Street Zen cut Maris-Tech from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Maris-Tech in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Maris-Tech Stock Down 3.8%

The stock has a 50 day moving average price of $2.61 and a 200-day moving average price of $2.61.

Institutional Investors Weigh In On Maris-Tech

Several hedge funds and other institutional investors have recently made changes to their positions in MTEK. AMH Equity Ltd increased its position in shares of Maris-Tech by 5.5% during the 1st quarter. AMH Equity Ltd now owns 770,000 shares of the company’s stock valued at $1,656,000 after purchasing an additional 40,000 shares during the last quarter. Osaic Holdings Inc. grew its position in Maris-Tech by 300.0% during the second 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 during the period. Jane Street Group LLC bought a new stake in Maris-Tech during the second quarter valued at approximately $66,000. Finally, XTX Topco Ltd purchased a new position in shares of Maris-Tech during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 0.55% of the company’s stock.

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.