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TheStreet downgraded Mitek Systems, Inc. (NASDAQ:MITK) to Hold in a report released today.

Only yesterday Mitek Systems, Inc. (NASDAQ:MITK) traded 1.51% lower at $7.77. The company’s 50-day average is $7.73 and its two hundred day moving average is $7.32. With the last stock price up 11.27% from the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the same time period. Volume of trade was was down over the average, with 444,641 shares of MITK changing hands under the typical 609,942 shares..

TheStreet has downgraded Mitek Systems, Inc.(NASDAQ:MITK) to Hold in a statement released 8/18/2016.

On Wednesday March 23 2016, Benchmark released a statement for Mitek Systems, Inc.(NASDAQ:MITK) bumped the target price from $6.50 to $8.00 that suggested an upside of 0.29%.

Recent Performance Graphic:

Mitek Systems, Inc. (NASDAQ:MITK)

In addition to TheStreet reporting it’s price target, a total of 2 firms have reported on the company. The consensus target is $7.50 with one firm rating the stock a strong buy, two firms rating the stock a buy, one analyst rating the stock a hold, 0 rating the company to underperform, and finally 0 firms rating the stock as sell.

Mitek Systems, Inc. has a one-year low of $3.01 and a 52 week high of $9.49 with a price-earnings ratio of 138 and has a total market value of $0.0.

More About Mitek Systems, Inc. (NASDAQ:MITK)

Mitek Systems, Inc. develops, markets and sells mobile capture and identity verification software solutions for enterprise customers. The Company’s technology allows users to remotely deposit checks, open accounts, get insurance quotes, pay bills, as well as verify their identity by taking pictures of various documents with camera-equipped smartphones and tablets instead of using the device keyboard. Its technology uses algorithms to correct image distortion, extract relevant data, route images to their desired location and process transactions. Its technology processes images of documents in many ways. The Company’s mobile capture software solutions are embedded in other mobile banking or enterprise applications developed by banks, insurance companies or partners, and then marketed under its brands. Its mobile imaging solutions include Mobile Verify, Mobile Fill, and Mobile Deposit and Commercial Mobile Deposit Capture.

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