Mitek Systems (MITK) Worth Watching: Stock Soars 36.3% – Tale of the Tape

Zacks

Mitek Systems, Inc. (MITK) was a big mover last session, as the company saw its shares surge over 36% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month’s volatile price range of $2.19 to $3.17.

This developer of software solutions related to mobile imaging has seen two positive estimate revisions in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s sharp climb can turn into more strength down the road.

Mitek Systems currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Investors interested in the broader Computer and Technology sector may also consider stocks like NVE Corp. (NVEC), Pericom Semiconductor Corp. (PSEM) and Silicon Motion Technology Corp. (SIMO). All the three stocks sport a Zacks Rank #1 (Strong 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 >>

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

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply