Short Term Rating on Mitek Systems (MITK)

Mitek Systems (MITK) : 4 brokerage houses believe that Mitek Systems (MITK) is a Strong Buy at current levels. Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Mitek Systems (MITK) : Average target price received by Mitek Systems (MITK) is $8.58 with an expected standard deviation of $1.01. The most aggressive target on the stock is $10, whereas the most downbeat target is $8. 3 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


Mitek Systems (NASDAQ:MITK): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.13 and $8.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.25, notching a gain of 6.18% for the day. The total traded volume was 1,276,120 . The stock had closed at $7.77 on the previous day.

Mitek Systems Inc. (Mitek) is a provider of mobile solutions. The Company is engaged in the development, sale and service of software solutions related to mobile imaging. The Companys technology allows users to deposit checks, pay bills, transfer credit card balances, open accounts and get insurance quotes by taking pictures of various documents with their camera-equipped smartphones and tablets. IDchecker, Inc., a part of the Company, offers Strong ID product, which provides identity document authentication solutions, including passports, driver licenses and identity cards across the world, and Facelink facial recognition technology, which is a multi-factor identity verification, enables organizations to confirm the authenticity of an identity document and match it to the person presenting the document during a mobile transaction.

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