Mimecast Ltd. (MIME) Sees Large Volume Increase
Mimecast Ltd. (NASDAQ:MIME) shares saw an uptick in trading volume on Tuesday . 112,206 shares traded hands during trading, an increase of 21% from the previous session’s volume of 92,785 shares.The stock last traded at $11.53 and had previously closed at $11.50.
A number of brokerages have recently commented on MIME. Zacks Investment Research raised Mimecast from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mimecast in a report on Thursday, June 23rd. Dougherty & Co started coverage on Mimecast in a report on Friday, June 3rd. They issued a “buy” rating and a $12.00 target price on the stock. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Mimecast in a report on Tuesday, May 24th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of Mimecast in a report on Tuesday, May 17th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.92.
The firm has a 50 day moving average of $10.45 and a 200 day moving average of $9.30. The stock’s market cap is $628.65 million.
Mimecast Limited is a United Kingdom-based business e-mail and data safety solutions provider. The Company offers solutions for e-mail security; archiving, risk and compliance; business continuity; migration, and employee productivity and mobility. Its products consist of Mimecast Secure Email Gateway, which is offered for spam and virus protection, content control and data leak prevention, targeted threat protection, file send, secure messaging, and advanced e-mail signature and disclaimer management; Mimecast Mailbox Continuity, which is offered for continuity services, and Mimecast Enterprise Information Archiving, which is offered for file archiving, legacy archive data management and Lync Instant messaging Archiving.
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