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
Investors interested in the Computer & Technology sector may consider better-ranked stocks like Ametek Inc.
), Canon Inc.
) and Pitney Bowes Inc.
), each of which holds a Zacks Rank #2 (Buy).
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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 reportMITEK SYSTEMS (MITK): Free Stock Analysis ReportCANON INC ADR (CAJ): Free Stock Analysis ReportAMETEK INC (AME): Free Stock Analysis ReportPITNEY BOWES IN (PBI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research