Brokerages Anticipate Iteris Inc. (ITI) to Post ($0.02) Earnings Per Share
Shares of Iteris Inc. (NASDAQ:ITI) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price objective of $6.00 for the company and are expecting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given Iteris an industry rank of 215 out of 265 based on the ratings given to related companies.
Several equities research analysts recently commented on the stock. Northland Securities reaffirmed an “outperform” rating on shares of Iteris in a research report on Tuesday, August 30th. Zacks Investment Research cut shares of Iteris from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 21st.
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Shares of Iteris (NASDAQ:ITI) traded up 0.54% during midday trading on Wednesday, hitting $3.69. The stock had a trading volume of 12,414 shares. The company’s 50 day moving average price is $3.72 and its 200-day moving average price is $3.03. Iteris has a 1-year low of $1.89 and a 1-year high of $4.04. The firm’s market capitalization is $118.33 million.
In other Iteris news, Director Global Investors Fundamental purchased 200,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were purchased at an average cost of $3.79 per share, with a total value of $758,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 5.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Private Asset Management Inc. purchased a new stake in shares of Iteris during the third quarter worth about $163,000. Renaissance Technologies LLC boosted its stake in shares of Iteris by 4.6% in the first quarter. Renaissance Technologies LLC now owns 544,200 shares of the company’s stock worth $1,328,000 after buying an additional 23,700 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Iteris by 1.1% in the second quarter. Vanguard Group Inc. now owns 505,865 shares of the company’s stock worth $1,447,000 after buying an additional 5,700 shares during the last quarter. 20.25% of the stock is currently owned by hedge funds and other institutional investors.
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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