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

Research analysts at StockNews.com assumed coverage on shares of Iteris (NASDAQ:ITI) in a note issued to investors on Sunday. The firm set a “buy” rating on the technology company’s stock.

A number of other research analysts have also weighed in on ITI. Northland Capmk lowered shares of Iteris from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. B. Riley reiterated a “neutral” rating and issued a $7.20 price objective (down previously from $8.00) on shares of Iteris in a research note on Wednesday, August 21st. Finally, Maxim Group restated a “hold” rating on shares of Iteris in a research note on Monday, August 12th.

Iteris Stock Performance

NASDAQ ITI opened at $7.19 on Friday. The business has a fifty day simple moving average of $7.17 and a 200 day simple moving average of $5.88. Iteris has a 12 month low of $4.00 and a 12 month high of $7.20. The firm has a market capitalization of $307.88 million, a P/E ratio of 239.75 and a beta of 0.87.

Institutional Trading of Iteris

A number of large investors have recently added to or reduced their stakes in the stock. Glazer Capital LLC bought a new position in shares of Iteris during the 3rd quarter valued at approximately $20,313,000. Jacobs Levy Equity Management Inc. bought a new position in Iteris during the first quarter valued at $1,270,000. Private Management Group Inc. increased its position in Iteris by 13.3% in the second quarter. Private Management Group Inc. now owns 1,626,954 shares of the technology company’s stock worth $7,045,000 after buying an additional 191,511 shares during the last quarter. Acuitas Investments LLC raised its stake in shares of Iteris by 155.2% in the second quarter. Acuitas Investments LLC now owns 270,534 shares of the technology company’s stock valued at $1,171,000 after buying an additional 164,539 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in shares of Iteris during the 3rd quarter valued at $751,000. Hedge funds and other institutional investors 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.