Mimecast Ltd. (MIME) Reaches New 52-Week High at $12.48
Mimecast Ltd. (NASDAQ:MIME) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $12.48 and last traded at $12.39, with a volume of 131,181 shares. The stock had previously closed at $11.59.
Several research firms have recently weighed in on MIME. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $15.00 target price on shares of Mimecast in a research report on Wednesday. Zacks Investment Research raised shares of Mimecast from a “sell” rating to a “hold” rating in a research report on Saturday, June 4th. Royal Bank Of Canada reissued a “buy” rating on shares of Mimecast in a research report on Thursday, June 23rd. Dougherty & Co began coverage on shares of Mimecast in a research report on Friday, June 3rd. They issued a “buy” rating and a $12.00 target price for the company. Finally, Goldman Sachs Group Inc. downgraded shares of Mimecast from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $10.50 in a research report on Friday, April 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $13.92.
The firm’s market capitalization is $666.62 million. The company’s 50-day moving average is $10.49 and its 200-day moving average is $9.32.
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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