TheStreet Ratings Top 10 Rating Changes
NEW YORK (TheStreet Ratings) -- Every trading day TheStreet Ratings' stock model reviews the investment ratings on around 4,700 U.S. traded stocks for potential upgrades or downgrades based on the latest available financial results and trading activity.
TheStreet Ratings released rating changes on 44 U.S. common stocks for week ending March 30, 2012. 29 stocks were upgraded and 15 stocks were downgraded by our stock model.
Rating Change #10
Mitek Systems Inc (MITK) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.