StockNews.com Begins Coverage on Iteris (NASDAQ:ITI)

StockNews.com assumed coverage on shares of Iteris (NASDAQ:ITI) in a report released on Sunday. The brokerage issued a buy rating on the technology company’s stock.

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

Iteris Stock Down 0.1 %

Shares of ITI stock opened at $7.19 on Friday. Iteris has a 12 month low of $4.00 and a 12 month high of $7.20. The company has a market cap of $307.88 million, a PE ratio of 239.75 and a beta of 0.87. The business’s 50 day moving average is $7.17 and its two-hundred day moving average is $5.90.

Institutional Trading of Iteris

Large investors have recently added to or reduced their stakes in the company. Access Investment Management LLC boosted its stake in Iteris by 67.7% in the third quarter. Access Investment Management LLC now owns 4,570 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,845 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Iteris during the first quarter valued at approximately $43,000. Bfsg LLC increased its holdings in shares of Iteris by 31.4% in the second quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock valued at $55,000 after purchasing an additional 3,038 shares in the last quarter. Intech Investment Management LLC bought a new position in Iteris in the 3rd quarter valued at $78,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Iteris in the 2nd quarter valued at $91,000. 51.16% of the stock is owned by institutional investors.

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.