Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • Bitcoin USD

    62,681.35
    -1,581.82 (-2.46%)
     

  • CMC Crypto 200

    1,306.32
    -90.22 (-6.45%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • Dow

    38,239.66
    +153.86 (+0.40%)
     

  • Nasdaq

    15,927.90
    +316.14 (+2.03%)
     

  • Gold

    2,349.60
    +7.10 (+0.30%)
     

  • Crude Oil

    83.66
    +0.09 (+0.11%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Mitek Systems (MITK) in Focus: Stock Goes Down 5.9%

Zacks Equity Research


Mitek Systems, Inc. (MITK) saw a big move in the last trading session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as MITK is now trading within the volatile price range of $3.14 to $3.56 in the past one-month time frame.

The company, a developer of software solutions related to mobile imaging, has not seen any estimate revision over the past month, and the current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

MITK currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the Computer & Technology sector may consider better-ranked stocks like Ametek Inc. (AME), Canon Inc. (CAJ) and Pitney Bowes Inc. (PBI), each of which holds a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>




MITEK SYSTEMS INC (MITK): Free Stock Analysis Report

CANON INC (CAJ): Free Stock Analysis Report

AMETEK INC NEW (AME): Free Stock Analysis Report

PITNEY BOWES INC (PBI): Free Stock Analysis Report


Zacks Investment Research