NEW YORK (

TheStreet

) --

Mitek Systems

(Nasdaq:

MITK

) hit a new 52-week high Wednesday as it is currently trading at $10.20, above its previous 52-week high of $10.18 with 189,205 shares traded as of 10:06 a.m. ET. Average volume has been 307,900 shares over the past 30 days.

Mitek Systems has a market cap of $219.6 million and is part of the

technology

sector and

computer hardware

industry. Shares are up 59.5% year to date as of the close of trading on Tuesday.

Mitek Systems, Inc. develops, sells, and services software solutions related to mobile imaging applications and intelligent recognition software in the United Stats and Internationally. The company has a P/E ratio of 916, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Mitek Systems as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full

Mitek Systems Ratings Report

.

See all

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