Wall Street Zen Downgrades Maris-Tech (NASDAQ:MTEK) to Strong Sell

Maris-Tech (NASDAQ:MTEK) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maris-Tech in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Maris-Tech Stock Performance

NASDAQ MTEK opened at $2.07 on Friday. Maris-Tech has a one year low of $1.64 and a one year high of $6.47. The firm’s fifty day moving average is $2.85 and its two-hundred day moving average is $2.64.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. AMH Equity Ltd grew its holdings in Maris-Tech by 5.5% during the 1st quarter. AMH Equity Ltd now owns 770,000 shares of the company’s stock worth $1,656,000 after acquiring an additional 40,000 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Maris-Tech by 300.0% in the 2nd quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock worth $108,000 after buying an additional 25,200 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Maris-Tech in the 2nd quarter worth about $66,000. Finally, XTX Topco Ltd bought a new position in shares of Maris-Tech in the 1st quarter worth about $33,000. 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.