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Enter Symbol:
Rating: MITK
Buy $6.50

Mitek Systems, Inc. (NASDAQ: MITK) rated to Buy with price target $6.50 by The Benchmark Company

Friday,  Jan 8, 2016  9:25 AM ET by Lynn Gilbert

The Benchmark Company rated Mitek
Systems, Inc. (NASDAQ: MITK) to Buy with price target $6.50.

Mitek Systems, Inc. (Mitek) is engaged in the development and sale of software solutions. The Company?s business develops and markets intelligent character recognition and document capture products and services deployed in the financial services markets. The Company?s technology is used to process checks by banks and is used in other markets for specialized applications. Branded Oomph for Office on My Phone, the Company?s new mobile applications use its proprietary technology to capture and read data from photos of documents taken using camera-equipped smartphones. The Company has developed and deployed a software application that allows users to remotely deposit a check using their smartphone camera. In addition, the Company has developed and deployed a receipt archival application and a mobile document faxing application using its proprietary technology. The Company?s product family consists of mobile applications and software development toolkits (SDKs).

The Benchmark Company 's Equity Research team is one of the most experienced on the Street. Our analysts average almost two decades of sell-side research experience and many have substantial experience in the industries they cover as well. Our people give us the ability to deliver insightful and unique research seasoned by the experience of having lived through multiple bull and bear markets, and having covered their companies longer than most of their peers.



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