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Mitek Systems (NASDAQ:MITK) shares reached a new 52-week low on Monday , Stock Ratings Network reports. The stock traded as low as $3.35 and last traded at $3.44, with a volume of 323,931 shares changing hands. The stock had previously closed at $3.58.

The stock has a 50-day moving average of $4.65 and a 200-day moving average of $5.49. The company’s market cap is $103.5 million.

Mitek Systems (NASDAQ:MITK) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.06. The company had revenue of $4.50 million for the quarter, compared to the consensus estimate of $4.09 million. During the same quarter last year, the company posted ($0.03) earnings per share. Mitek Systems’s revenue was up 34.7% compared to the same quarter last year. Analysts expect that Mitek Systems will post $-0.25 EPS for the current fiscal year.

Mitek Systems, Inc (NASDAQ:MITK) is engaged in the development, sale and service of software solutions related to mobile imaging applications and intelligent recognition software.

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