B. Riley restated their buy rating on shares of Iteris (NASDAQ:ITI) in a report released on Wednesday, TipRanks reports. B. Riley currently has a $8.50 price target on the technology company’s stock.
Several other analysts have also recently issued reports on the stock. ValuEngine upgraded shares of Iteris from a hold rating to a buy rating in a research note on Friday, May 15th. JMP Securities lowered their target price on shares of Iteris from $11.00 to $9.00 and set a market outperform rating on the stock in a research note on Tuesday, May 5th. TheStreet cut shares of Iteris from a c- rating to a d+ rating in a research note on Tuesday, March 10th. Finally, Zacks Investment Research upgraded shares of Iteris from a hold rating to a buy rating and set a $5.50 target price on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average price target of $7.70.
ITI traded down $0.47 on Wednesday, hitting $4.40. The company’s stock had a trading volume of 6,888 shares, compared to its average volume of 158,053. The company’s 50 day simple moving average is $4.32 and its 200-day simple moving average is $4.55. The firm has a market cap of $205.96 million, a P/E ratio of -20.05, a price-to-earnings-growth ratio of 50.70 and a beta of 0.97. Iteris has a 12 month low of $2.08 and a 12 month high of $6.69. The company has a quick ratio of 1.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.19.
Iteris (NASDAQ:ITI) last released its quarterly earnings data on Tuesday, June 9th. The technology company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The company had revenue of $30.90 million during the quarter, compared to the consensus estimate of $31.29 million. Iteris had a negative net margin of 7.56% and a negative return on equity of 13.09%. Equities analysts predict that Iteris will post -0.17 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of ITI. Virtu Financial LLC bought a new stake in Iteris in the 4th quarter worth $58,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in Iteris during the 4th quarter valued at about $55,000. Rhumbline Advisers lifted its position in Iteris by 7.1% during the 4th quarter. Rhumbline Advisers now owns 41,552 shares of the technology company’s stock valued at $207,000 after acquiring an additional 2,756 shares during the period. State Street Corp raised its holdings in Iteris by 34.5% in the fourth quarter. State Street Corp now owns 655,654 shares of the technology company’s stock worth $3,272,000 after buying an additional 168,061 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Iteris by 15.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 105,891 shares of the technology company’s stock worth $529,000 after buying an additional 14,370 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.
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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