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Mitek Systems, Inc. (NASDAQ:MITK) rallied after positive findings about its tie up with U.S. Bank. The bank became the first major bank in the United States to offer Mobile Photo BillPay to its customers that allows them to set up bill payments by snapping a picture of their bills with their camera-enabled smartphone or tablet.
Back in December 2012, U.S. Bank had signed deal with San Diego-based Mitek to bring Mobile Photo Bill Pay(TM) to its customers. Recent research claims that Mobile Photo Bill Pay adoption will reach 33 percent among adult U.S. consumers by 2018, and will cause 1.4 billion bills migrating to the mobile channel. Another study reveals that the feature will be used by more than 1 in 5 customers.
For How Long MITK will Fight for Profitability? Read This Trend Analysis report
Mitek Systems, Inc. (MITK) surged +14.84% and closed at $4.72 in the last trading session with the total traded volume of 1.28 million shares. That’s more than the average volume of 455,601. MTK is now trading above its 50 day moving average of +20.68% and 200 day moving average of +32.12%.
It has outstanding shares of 26.09 million with the total market cap of $123.14million and its beta value stands at 2.26 times which shows that stock is more volatile.
NQ Mobile Inc (ADR) (NYSE:NQ) jumped after lifting its 2013 sales outlook in a range of $178 million to 183 million from an earlier forecast of $150 million to $155 million. Analysts, on average, were seeking revenues of $153.99 million for fiscal 2013. The company also said earlier this month that it will sign collaboration agreement with Mexican billionaire Carlos Slim’s America Movil SAB.
NQ Mobile Inc (ADR)(NQ) gained +14.14% to close at $10.01 and its overall volume in the last trading session was 4.64 million shares, beating the average volume of 473,326. NQ hit the day high price of $10.68 and day low of $9.50.
For How Long NQ’s Gloss will Attract Investors? Find out via this report
The stock is trading with positive year-to-date performance of +65.73%. It has current ratio of 7.42. The company has total market cap of $475.48 million.
Vringo, Inc.(NYSEAMEX:VRNG) jumped +5.23% with the closing price of $3.02 after unveiling plan to host a conference call for investors on March 21, 2013 at 5:00pm Eastern Time. The company is set to release its financial results that day after the market close. The overall volume in the last trading session was 2.10 million shares. Its fifty two week range was $1.46-$5.73. The total market capitalization remained $242.59million.
Will VRNG Continue To Move Higher? Find Out Here
The stock is ahead its 52 week low with 106.85% and its last month price volatility remained 3.57% with a target price of $10.00. In its share capital, the company has 82.29 million outstanding shares while 70.96 million shares have been floated in market.
It has insider ownership of 7.04% with its institutional ownership remained 7.67%. Its current year earnings per share grew with 40.61%.
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