Mitek Systems Stock Hits New 52-Week Low (MITK)

NEW YORK ( TheStreet) -- Mitek Systems (Nasdaq: MITK) hit a new 52-week low Wednesday as it is currently trading at $2.39, below its previous 52-week low of $2.40 with 375,600 shares traded as of 2:29 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Mitek Systems has a market cap of $66.9 million and is part of the technology sector and computer software & services industry. Shares are down 62.6% year to date as of the close of trading on Tuesday.

Mitek Systems, Inc. engages in the development, sale, and service of software solutions related to mobile imaging solutions and intelligent character recognition software.

TheStreet Ratings rates Mitek Systems as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Mitek Systems Ratings Report.

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