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

Maris-Tech (NASDAQ:MTEK) announced its earnings results on Wednesday. The company reported ($0.14) EPS for the quarter, FiscalAI reports. The firm had revenue of $1.04 million for the quarter.

Maris-Tech Trading Up 2.7%

MTEK stock opened at $1.15 on Thursday. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.57 and a quick ratio of 0.85. The stock’s fifty day simple moving average is $1.10 and its two-hundred day simple moving average is $1.30. Maris-Tech has a 1-year low of $0.94 and a 1-year high of $4.27.

Hedge Funds Weigh In On Maris-Tech

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in Maris-Tech during the fourth quarter valued at $33,000. Osaic Holdings Inc. boosted 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 worth $108,000 after buying an additional 25,200 shares during the period. Finally, Jane Street Group LLC purchased a new position in Maris-Tech in the 2nd quarter valued at approximately $66,000. 0.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Maris-Tech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus 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.