Iteris (NASDAQ:ITI) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Iteris (NASDAQ:ITI) in a research report issued to clients and investors on Monday. The firm set a “buy” rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the stock. B. Riley reiterated a “neutral” rating and issued a $7.20 price target (down from $8.00) on shares of Iteris in a research report on Wednesday, August 21st. Northland Capmk downgraded shares of Iteris from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Maxim Group reissued a “hold” rating on shares of Iteris in a research note on Monday, August 12th.

Iteris Stock Performance

Shares of ITI stock opened at $7.19 on Monday. Iteris has a 1 year low of $4.00 and a 1 year high of $7.20. The business’s fifty day moving average is $7.18 and its 200-day moving average is $5.99. The stock has a market cap of $307.88 million, a PE ratio of 239.75 and a beta of 0.87.

Institutional Investors Weigh In On Iteris

A number of large investors have recently made changes to their positions in ITI. Access Investment Management LLC grew its holdings in shares of Iteris by 67.7% during the third quarter. Access Investment Management LLC now owns 4,570 shares of the technology company’s stock valued at $33,000 after buying an additional 1,845 shares in the last quarter. Whittier Trust Co. grew its stake in Iteris by 4.7% during the 3rd quarter. Whittier Trust Co. now owns 42,552 shares of the technology company’s stock valued at $304,000 after acquiring an additional 1,897 shares in the last quarter. Bfsg LLC lifted its position in shares of Iteris by 31.4% in the second quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock worth $55,000 after purchasing an additional 3,038 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Iteris by 18.1% in the third quarter. BNP Paribas Financial Markets now owns 20,250 shares of the technology company’s stock worth $145,000 after purchasing an additional 3,104 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Iteris in the first quarter worth approximately $43,000. Institutional investors and hedge funds own 51.16% of the company’s stock.

Iteris Company Profile

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.