Headlines about Iteris (NASDAQ:ITI) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Iteris earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.8366613968601 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
ITI has been the subject of several research analyst reports. Zacks Investment Research lowered Iteris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. B. Riley set a $9.00 price objective on Iteris and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, JMP Securities began coverage on Iteris in a report on Thursday, January 25th. They issued an “outperform” rating and a $10.50 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $8.75.
Shares of Iteris (NASDAQ:ITI) traded down $0.50 on Wednesday, reaching $5.86. The company had a trading volume of 111,141 shares, compared to its average volume of 272,862. Iteris has a 52 week low of $4.84 and a 52 week high of $8.17. The stock has a market cap of $201.08, a price-to-earnings ratio of -45.15 and a beta of -0.22.
In other Iteris news, major shareholder Neil S. Subin sold 113,523 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $6.07, for a total value of $689,084.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas N. Blair sold 18,750 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $6.05, for a total value of $113,437.50. The disclosure for this sale can be found here. In the last three months, insiders sold 231,414 shares of company stock valued at $1,550,045. 4.30% of the stock is currently owned by insiders.
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Iteris Company Profile
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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