Insider Selling: Iteris major shareholder Sells 18,226 Shares of Stock (ITI)
Iteris (NYSE:ITI) major shareholder Lloyd I. Miller III unloaded 18,226 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $2.25, for a total transaction of $41,008.50. Following the completion of the transaction, the insider now directly owns 25,443 shares in the company, valued at approximately $57,247. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Iteris (NYSE:ITI) traded up 0.91% on Wednesday, hitting $2.21. The stock had a trading volume of 30,241 shares. Iteris has a one year low of $1.55 and a one year high of $2.50. The stock has a 50-day moving average of $2.16 and a 200-day moving average of $2.01. The company has a market cap of $72.4 million and a P/E ratio of 53.41.
Iteris (NYSE:ITI) last released its earnings data on Tuesday, January 28th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $16.50 million for the quarter, compared to the consensus estimate of $17.83 million. On average, analysts predict that Iteris will post $0.06 earnings per share for the current fiscal year.
Separately, analysts at Sidoti initiated coverage on shares of Iteris in a research note on Thursday, January 16th. They set a “buy” rating on the stock.
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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