Maris-Tech (NASDAQ:MTEK) Releases Quarterly Earnings Results

Maris-Tech (NASDAQ:MTEK) released its quarterly earnings results on Friday. The company reported $1.67 earnings per share for the quarter, FiscalAI reports. The company had revenue of $0.32 million during the quarter.

Maris-Tech Trading Down 4.2%

Shares of MTEK stock opened at $1.13 on Friday. Maris-Tech has a 1-year low of $1.03 and a 1-year high of $4.27. The stock’s fifty day simple moving average is $1.41 and its 200-day simple moving average is $1.45.

Institutional Investors Weigh In On Maris-Tech

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of Maris-Tech in the 4th quarter valued at about $33,000. Jane Street Group LLC acquired a new stake in shares of Maris-Tech during the second quarter worth approximately $66,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Maris-Tech by 300.0% during the second quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock worth $108,000 after purchasing an additional 25,200 shares during the period. 0.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on MTEK shares. Wall Street Zen downgraded Maris-Tech to a “strong sell” rating in a report on Saturday, April 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Maris-Tech in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

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.