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

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

Analyst Upgrades and Downgrades

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

Maris-Tech Price Performance

The business has a fifty day simple moving average of $1.65 and a two-hundred day simple moving average of $1.80.

Hedge Funds Weigh In On Maris-Tech

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Maris-Tech during the second quarter valued at approximately $66,000. Osaic Holdings Inc. raised its position in Maris-Tech by 300.0% in the second quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock worth $108,000 after acquiring an additional 25,200 shares during the period. Finally, XTX Topco Ltd bought a new position in Maris-Tech in the fourth quarter worth approximately $33,000. 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.