Mitek Systems, Inc. (NASDAQ:MITK – Get Free Report) shares saw unusually-high trading volume on Wednesday after StockNews.com upgraded the stock from a hold rating to a buy rating. Approximately 259,181 shares traded hands during mid-day trading, a decline of 43% from the previous session’s volume of 452,101 shares.The stock last traded at $13.11 and had previously closed at $13.39.
MITK has been the topic of several other research reports. HC Wainwright restated a “buy” rating and issued a $19.00 target price on shares of Mitek Systems in a research report on Tuesday. Craig Hallum raised their target price on Mitek Systems from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday.
Check Out Our Latest Stock Report on Mitek Systems
Hedge Funds Weigh In On Mitek Systems
Mitek Systems Stock Performance
The stock has a market cap of $560.54 million, a PE ratio of -171.12 and a beta of 1.09. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average of $12.69 and a 200 day moving average of $11.95.
Mitek Systems (NASDAQ:MITK – Get Free Report) last posted its earnings results on Tuesday, March 19th. The software maker reported $0.10 EPS for the quarter. Mitek Systems had a return on equity of 17.83% and a net margin of 4.25%. The company had revenue of $37.66 million for the quarter. Equities analysts predict that Mitek Systems, Inc. will post 0.82 EPS for the current fiscal year.
Mitek Systems Company Profile
Mitek Systems, Inc provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion.
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