Maris-Tech (NASDAQ:MTEK) Stock Price 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 were traded during trading, a decline of 34% from the average session volume of 104,306 shares. The stock had previously closed at $1.4450.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Maris-Tech in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Maris-Tech from a “hold” rating to a “strong sell” rating in a report on Saturday, October 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Maris-Tech Stock Performance

The stock’s 50-day moving average is $1.84 and its 200 day moving average is $2.49.

Institutional Inflows and Outflows

Several 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 during the first quarter worth about $33,000. Jane Street Group LLC purchased a new stake in shares of Maris-Tech during the 2nd quarter worth $66,000. Finally, Osaic Holdings Inc. grew its stake in shares of Maris-Tech by 300.0% during the 2nd 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 owned by institutional investors and hedge funds.

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.