Mitek Systems Inc. (MITK): Today's Featured Computer Hardware Loser

The computer hardware industry closed the day up 3.7%. Lantronix Inc ( LTRX), Acorn Energy Inc ( ACFN), Mad Catz Interactive Inc ( MCZ), and Overland Storage Inc ( OVRL) 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 $1.11 (-10%) to $10 on heavy volume. Throughout the day, 1.2 million shares of Mitek Systems Inc exchanged hands as compared to its average daily volume of 496,000 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 $267.8 million and is part of the technology sector. The company has a P/E ratio of 1117, above the S&P 500 P/E ratio of 17.7. Shares are up 83.6% year to date as of the close of trading on Wednesday.

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.

On the positive front, Logitech International S.A ( LOGI), Finisar Corporation ( FNSR), Dot Hill Systems Corporation ( HILL), and Socket Mobile Inc ( SCKT) were all gainers within the computer hardware industry with Apple Incorporated ( AAPL) being today's featured computer hardware industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

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