Shares last traded at $30.74 which is marginally over $28.80, the 50 day moving average and which is significantly higher than the 200 day moving average of $26.89. The 50 day moving average was up $1.94 or +6.75% and the 200 day average went up by +14.31%. 460K shares changed hands on Tuesday. Overall, volume was down 9.90% under the stocks normal daily volume.
Traders are more bearish on shares of the company recently if you take into consideration the increase in short interest. The stock recorded a rise in short interest of 4.53% as of the latest report on September 29, 2017. Short interest grew 14,363 over that period. The short-interest ratio decreased to 1.0 and the percentage of shorted shares is 0.01% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (MIME). As of the end of the quarter Magee Thomson Investment Partners LLC had disposed of 15 shares trimming its position 32.6%. The value of the investment in Mimecast Limited – Ordinary Sha went from $1,000 to $1,000 a change of 0.0% since the last quarter. Ubs Group Ag bolstered its investment by buying 1,451 shares an increase of 294.9% in the quarter. Ubs Group Ag claims 1,943 shares with a value of $52,000. The total value of its holdings increased 372.7%.
As of quarter end Crow Point Partners, LLC had sold a total of 2,205 shares trimming its stake by 21.0%. The value of the company’s investment in Mimecast Limited – Ordinary Sha decreased from $281,000 to $235,000 decreasing 16.4% quarter to quarter. Gw&k Investment Management, LLC reduced its holdings by selling 1,289 shares a decrease of 1.4% from 06/30/2017 to 09/30/2017. Gw&k Investment Management, LLC owns 88,868 shares worth $2,526,000. The value of the position overall is up by 4.6%.
Equity analyst Needham began coverage of MIME giving it an initial rating of “Buy”.
As of the last earnings report the EPS was $-0.14 and is expected to be $0.06 for the current year with 56,797,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.02 and the next full year EPS is projected to be $0.20.
Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection that extends traditional gateway security to protect organizations against targeted attacks, audit and reporting, and enables administrators and security specialists to monitor and report attempted attacks; and URL Protect, which tackles threat from emails containing malicious links. Its Mimecast Email Security services also comprise Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; Secure Messaging for sharing sensitive information with external contacts through email; Large File Send, which enables PC and Mac users to send and receive large files directly from Outlook or a native Mac app; and Data Leak Prevention, which prevents the inadvertent or malicious loss of sensitive corporate data with advanced data leak prevention and content controls. In addition, the company provides Mimecast Mailbox Continuity, which protects email and data against threat of downtime as a result of system failure, natural disasters and impact of planned maintenance, system upgrades, and migrations; and Mimecast Enterprise Information Archiving that offers cloud archive consolidation of inbound, outbound and internal email, files, instant messaging in an archive, and incorporates legacy data from additional archives into the same searchable store. Further, it offers Service Bundles, a unified service managed from a single administration console; and Mimecast Mobile and Desktop Apps for mobile, PC, and Mac users to get self-service access to security features. The company sells its services through direct sales efforts and channel partners. Mimecast Limited was founded in 2003 and is headquartered in London, the United Kingdom..