The Dougherty & Co Initiates Coverage on Iteris, Inc. (NASDAQ:ITI)

Paterniano Del Favero
Luglio 20, 2017

Northland Securities set a $8.00 price objective on shares of Iteris and gave the stock a buy rating in a research note on Tuesday, July 4th.

Several research firms have issued reports on ITI.

Shares of Iteris closed the previous trading session at 6.65 up +0.31 4.91% with shares trading hands.

Iteris Inc has 52 week low of $3.03 and a 52 week high of $6.88 and has a market capitalization of $0. The company's 50 day moving average is $5.96 and its 200 day moving average is $5.11. The stock's market cap is $206.01 million.

Iteris (NYSE:ITI) last posted its quarterly earnings results on Thursday, June 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of ($0.04). Iteris had a negative net margin of 13.64% and a negative return on equity of 33.30%. The company had revenue of $25.30 million for the quarter, compared to analyst estimates of $21.50 million. On average, analysts expect that Iteris will post ($0.03) earnings per share for the current year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. If you are accessing this news story on another site, it was stolen and reposted in violation of US & global copyright laws. The correct version of this story can be accessed at https://www.themarketsdaily.com/2017/07/18/iteris-inc-nasdaqiti-given-average-recommendation-of-buy-by-analysts.html. Also, Director Global Investors Fundamental sold 320,500 shares of the firm's stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $5.50, for a total value of $1,762,750.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

In other news, major shareholder Lloyd I. Miller III sold 28,226 shares of the firm's stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $6.50, for a total transaction of $183,469.00. The fund owned 649,100 shares of the technology company's stock after buying an additional 48,900 shares during the period. The disclosure for this sale can be found here.

According to Zacks, "Iteris, Inc.is a leading provider of outdoor vision systems and sensors that optimize the flow of traffic and enhance driver safety". The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics.

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