The computer hardware industry closed the day up 2.2%. Dataram Corporation ( DRAM), Lantronix Inc ( LTRX), Performance Technologies Inc ( PTIX), and Radcom ( RDCM) were all decliners today within the computer hardware industry with Mitek Systems Inc ( MITK) being today's featured computer hardware loser. Mitek Systems Inc fell 67 cents (-5.6%) to $11.23 on heavy volume. Throughout the day, 1.2 million shares of Mitek Systems Inc exchanged hands as compared to its average daily volume of 474,900 shares. Mitek Systems, Inc. develops, sells, and services software solutions related to mobile imaging applications and intelligent recognition software in the United Stats and Internationally. Mitek Systems Inc has a market cap of $265.4 million and is part of the technology sector. The company has a P/E ratio of 1107, above the S&P 500 P/E ratio of 17.7. Shares are up 83% year to date as of the close of trading on Friday. 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.
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