Maris-Tech (NASDAQ:MTEK) Trading Down 1.8% – Here’s What Happened

Maris-Tech Ltd. (NASDAQ:MTEK)’s stock price fell 1.8% during mid-day trading on Wednesday . The company traded as low as $2.65 and last traded at $2.70. 29,834 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 147,167 shares. The stock had previously closed at $2.75.

Maris-Tech Trading Down 1.8 %

The company has a quick ratio of 2.88, a current ratio of 3.57 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $3.76 and its 200 day moving average is $2.54.

Institutional Trading of Maris-Tech

An institutional investor recently bought a new position in Maris-Tech stock. IFP Advisors Inc purchased a new position in shares of Maris-Tech Ltd. (NASDAQ:MTEK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,873 shares of the company’s stock, valued at approximately $35,000. IFP Advisors Inc owned about 0.09% of Maris-Tech as of its most recent SEC filing. Institutional investors own 0.55% of the company’s stock.

Maris-Tech Company Profile

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.