Mitek Systems News

Shares of Mitek Systems traded up 1.00% during mid-day trading on Monday, hitting $2.0401. Mitek Systems has a one year low of $5.27 and a one year high of $13.11. The company's market cap is $52.0 million.

Mitek Systems announced that approximately $10B in mobile deposits have been enabled by Mitek's mobile imaging technology.

Mitek Systems, Inc., , a leading mobile imaging software solutions provider, today announced that approximately $10 billion in mobile deposits have been enabled by Mitek's mobile imaging technology.

The line separating prepaid card accounts and checking accounts continues to fade.

Several other analysts have also recently commented on the stock. Analysts at Compass Point cut their price target on shares of Mitek Systems from $10.00 to $4.00 in a research note to investors on Thursday, May 3rd.

It's sure been a tough couple months for Mitek shareholders. In April, Mitek customer USAA filed suit against the San Diego-based recognition technology specialist and called its mobile patent portfolio into question.

Shares of mobile deposit app maker Mitek Systems plunged 55 percent Thursday after the San Diego company reported revenue and earnings for its fiscal second quarter that were badly short of forecasts.

Mitek Systems Inc. shares plummet following its fiscal second quarter earnings per share loss of 11 cents, vs.

The firm currently has a "neutral" rating on the stock. MITK has been the subject of a number of other recent research reports.