Company Shares of Mitek Systems (NASDAQ:MITK) Rally 7.45%

Mitek Systems (NASDAQ:MITK) : Traders are bullish on Mitek Systems (NASDAQ:MITK) as it has outperformed the S&P 500 by a wide margin of 2.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.09%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.45% in the last 1 week, and is up 4.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 107.73% from its 1 Year high price. On May 25, 2016, the shares registered one year high at $9.49 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $7.76 and the 200 Day Moving Average price is recorded at $6.24.

The stock has recorded a 20-day Moving Average of 7.86% and the 50-Day Moving Average is 1.32%.


Mitek Systems (NASDAQ:MITK): stock turned positive on Friday. Though the stock opened at $7.21, the bulls momentum made the stock top out at $7.85 level for the day. The stock recorded a low of $7.198 and closed the trading day at $7.79, in the green by 8.65%. The total traded volume for the day was 1,074,750. The stock had closed at $7.17 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Clark Russell C., officer (Chief Financial Officer) of Mitek Systems Inc, had unloaded 109,568 shares at an average price of $8.03 in a transaction dated on May 2, 2016. The total value of the transaction was worth $879,831.

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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