Iteris Now Covered by Sidoti (ITI)
Sidoti started coverage on shares of Iteris (NYSE:ITI) in a research note issued on Thursday, AnalystRatingsNetwork.com reports. The firm set a “buy” rating on the stock.
Iteris (NYSE:ITI) traded up 2.91% on Thursday, hitting $2.12. 480,268 shares of the company’s stock traded hands. Iteris has a 52 week low of $1.55 and a 52 week high of $2.29. The stock’s 50-day moving average is $2.10 and its 200-day moving average is $1.92. The company has a market cap of $69.4 million and a price-to-earnings ratio of 29.86.
Iteris (NYSE:ITI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $17.00 million for the quarter, compared to the consensus estimate of $16.70 million. On average, analysts predict that Iteris will post $0.05 earnings per share for the current fiscal year.
Iteris, Inc (NYSE:ITI) operates in the traffic management market focusing on the development and application of advanced technologies that reduce traffic congestion, minimize the environmental impact of traffic congestion and improve the safety of surface transportation systems infrastructure.
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