The firm has a 50 day moving average of $5.96 and a 200 day moving average of $5.11. The shares were sold at an average price of $6.50, for a total transaction of $183,469.00. Iteris Inc has a 1-year low of $2.81 and a 1-year high of $6.60. The company's market capitalization is $204.38 million. The firm had revenue of $25.30 million during the quarter, compared to analyst estimates of $21.50 million.
Several equities research analysts have issued reports on the stock. The company's stock had a trading volume of 156,597 shares.
More notable recent Iteris Inc (NASDAQ:ITI) news were published by: Businesswire.com which released: "Iteris and Syngenta Partner to Provide ClearAg in Italy" on May 23, 2017, also Businesswire.com with their article: "USDOT Releases Iteris-Led Architecture Reference for Cooperative and ..." published on July 11, 2017, Seekingalpha.com published: "Iteris Expecting Big Things From Big Data" on April 04, 2017.
Zacks Investment Research downgraded shares of Iteris Inc (NYSE:ITI) from a hold rating to a sell rating in a research report sent to investors on Tuesday, June 13th.
The First Solar's (FSLR) "Equal Weight" Rating Reiterated at Morgan Stanley
It is negative, as 64 investors sold SO shares while 341 reduced holdings. 19 funds opened positions while 53 raised stakes. The difference between the expected and actual EPS was $0.38/share, which represents an Earnings surprise of 292.3%.
Iteris, Inc.is a provider of information solutions for both the traffic management and global agribusiness markets. Iteris had a negative return on equity of 33.30% and a negative net margin of 13.64%.
Brokerages have set a 12 month consensus target price of $8.17 for the company and are predicting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. If you are reading this article on another site, it was copied illegally and republished in violation of US and worldwide copyright laws.
In related news, Director Global Investors Fundamental sold 385,218 shares of Iteris stock in a transaction that occurred on Tuesday, June 13th.
WARNING: "Iteris Inc (ITI) Downgraded by Zacks Investment Research" was originally reported by Stock Observer and is the property of of Stock Observer. The legal version of this piece can be accessed at https://transcriptdaily.com/2017/07/15/iteris-nyseiti-given-daily-coverage-optimism-score-of-0-06.html. The stock was sold at an average price of $5.50, for a total transaction of $1,762,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Following the completion of the sale, the insider now directly owns 42,743 shares in the company, valued at $277,829.50. Insiders have sold 733,944 shares of company stock worth $4,061,066 in the last quarter. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics.
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