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Mitek Systems (MITK) Looks Good: Stock Adds 10.5% in Session

Mitek Systems, Inc. MITK was a big mover last session, as its shares rose over 10% 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 the volatile price range of $8.25 to $8.75 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near...


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