Maris-Tech (NASDAQ:MTEK) Releases Earnings Results

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

Maris-Tech Price Performance

NASDAQ:MTEK traded down $0.05 during mid-day trading on Friday, reaching $1.13. 200,202 shares of the company’s stock were exchanged, compared to its average volume of 116,667. Maris-Tech has a one year low of $1.03 and a one year high of $4.27. The business’s fifty day simple moving average is $1.41 and its two-hundred day simple moving average is $1.45.

Hedge Funds Weigh In On Maris-Tech

A number of hedge funds have recently bought and sold shares of MTEK. XTX Topco Ltd bought a new position in Maris-Tech in the 4th quarter valued at about $33,000. Osaic Holdings Inc. increased its holdings 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 period. Finally, Jane Street Group LLC bought a new position in Maris-Tech in the 2nd quarter valued at about $66,000. 0.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on MTEK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Maris-Tech in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Maris-Tech to a “strong sell” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Maris-Tech 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.