Maris-Tech (NASDAQ:MTEK) Trading Down 7.5% – Time to Sell?

Maris-Tech Ltd. (NASDAQ:MTEK) shares traded down 7.5% during mid-day trading on Friday . The stock traded as low as $1.34 and last traded at $1.3360. 68,790 shares changed hands during trading, a decline of 34% from the average session volume of 104,306 shares. The stock had previously closed at $1.4450.

Analyst Ratings Changes

Several brokerages have issued reports on MTEK. Weiss Ratings reissued a “sell (d-)” rating on shares of Maris-Tech in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Maris-Tech from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Maris-Tech Price Performance

The business’s 50-day moving average is $1.84 and its two-hundred day moving average is $2.49.

Institutional Trading of Maris-Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of Maris-Tech in the first quarter valued at $33,000. Jane Street Group LLC bought a new stake in shares of Maris-Tech during the 2nd quarter worth about $66,000. Finally, Osaic Holdings Inc. grew its stake in 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 during the last quarter. 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.