Shares of Iteris, Inc. (NASDAQ:ITI - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.73 and traded as low as $4.47. Iteris shares last traded at $4.56, with a volume of 93,025 shares trading hands.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on ITI. Maxim Group began coverage on shares of Iteris in a research report on Tuesday, April 30th. They set a "buy" rating and a $11.00 price objective on the stock. B. Riley lifted their price objective on Iteris from $6.00 to $8.50 and gave the stock a "buy" rating in a report on Friday, February 9th. Finally, StockNews.com cut Iteris from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 19th.
Get Our Latest Stock Report on ITI
Iteris Stock Performance
The stock has a market cap of $193.95 million, a P/E ratio of 75.33 and a beta of 0.69. The stock's fifty day moving average is $4.73 and its 200 day moving average is $4.73.
Insider Activity at Iteris
In other news, CEO J. Joseph Bergera sold 10,714 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $5.19, for a total value of $55,605.66. Following the sale, the chief executive officer now directly owns 182,424 shares in the company, valued at $946,780.56. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have sold 26,968 shares of company stock worth $137,027. Insiders own 7.40% of the company's stock.
Institutional Trading of Iteris
Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in Iteris during the 1st quarter valued at about $43,000. Allspring Global Investments Holdings LLC purchased a new stake in Iteris during the third quarter worth $46,000. Bfsg LLC bought a new stake in Iteris during the 4th quarter valued at $50,000. SG Americas Securities LLC purchased a new position in shares of Iteris in the 3rd quarter valued at $52,000. Finally, EntryPoint Capital LLC bought a new position in shares of Iteris in the 1st quarter worth $66,000. Hedge funds and other institutional investors own 51.16% of the company's stock.
About Iteris
(
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Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.
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