Northland Securities began coverage on shares of Iteris (NASDAQ:ITI) in a report issued on Wednesday morning, TipRanks reports. The firm issued a buy rating and a $9.00 price objective on the technology company’s stock.
Several other brokerages have also issued reports on ITI. JMP Securities reduced their price objective on shares of Iteris from $11.00 to $9.00 and set a market outperform rating on the stock in a report on Tuesday, May 5th. ValuEngine upgraded shares of Iteris from a hold rating to a buy rating in a report on Friday, May 15th. Zacks Investment Research upgraded shares of Iteris from a hold rating to a buy rating and set a $5.50 price objective on the stock in a report on Wednesday. B. Riley restated a buy rating and issued a $8.50 price objective on shares of Iteris in a report on Wednesday. Finally, TheStreet lowered shares of Iteris from a c- rating to a d+ rating in a research note on Tuesday, March 10th. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average price target of $7.70.
Shares of NASDAQ ITI traded down $0.47 during trading on Wednesday, hitting $4.40. 6,888 shares of the company were exchanged, compared to its average volume of 158,053. Iteris has a 12-month low of $2.08 and a 12-month high of $6.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.95 and a current ratio of 2.09. The company has a fifty day moving average price of $4.32 and a 200-day moving average price of $4.55. The firm has a market capitalization of $205.96 million, a PE ratio of -20.05, a P/E/G ratio of 50.70 and a beta of 0.97.
Iteris (NASDAQ:ITI) last posted its quarterly earnings results on Tuesday, June 9th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $30.90 million for the quarter, compared to analyst estimates of $31.29 million. Iteris had a negative return on equity of 13.09% and a negative net margin of 7.56%. Research analysts anticipate that Iteris will post -0.17 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of ITI. Citigroup Inc. grew its position in shares of Iteris by 44.3% during the first quarter. Citigroup Inc. now owns 11,609 shares of the technology company’s stock worth $37,000 after buying an additional 3,563 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Iteris by 125.3% during the first quarter. BNP Paribas Arbitrage SA now owns 12,406 shares of the technology company’s stock worth $40,000 after buying an additional 6,899 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Iteris by 26.4% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,333 shares of the technology company’s stock worth $46,000 after buying an additional 2,993 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Iteris during the first quarter worth about $46,000. Finally, Virtu Financial LLC acquired a new position in shares of Iteris during the fourth quarter worth about $58,000. Institutional investors own 46.94% of the company’s stock.
Iteris Company Profile
Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company's Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.
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