Maris-Tech (NASDAQ:MTEK) Shares Down 16.7% – Here’s Why

Shares of Maris-Tech Ltd. (NASDAQ:MTEK) were down 16.7% on Monday . The company traded as low as $2.05 and last traded at $2.15. Approximately 83,926 shares traded hands during trading, a decline of 0% from the average daily volume of 84,051 shares. The stock had previously closed at $2.58.

Maris-Tech Stock Up 3.2 %

The firm’s 50-day moving average price is $2.64 and its 200-day moving average price is $2.68. The company has a quick ratio of 2.88, a current ratio of 3.57 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

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

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.