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

StockNews.com began coverage on shares of Iteris (NASDAQ:ITI) in a research report report published on Saturday. The brokerage issued a buy rating on the technology company’s stock.

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

Iteris Price Performance

NASDAQ:ITI opened at $7.19 on Friday. Iteris has a fifty-two week low of $4.00 and a fifty-two week high of $7.20. The firm’s fifty day simple moving average is $7.16 and its 200-day simple moving average is $5.80. The stock has a market cap of $307.88 million, a PE ratio of 239.75 and a beta of 0.87.

Hedge Funds Weigh In On Iteris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITI. Access Investment Management LLC increased its stake in shares of Iteris by 67.7% during the 3rd 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 purchased a new stake in Iteris in the 1st quarter valued at approximately $43,000. Bfsg LLC grew its holdings in Iteris by 31.4% during the 2nd quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock valued at $55,000 after buying an additional 3,038 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Iteris during the 1st quarter valued at $66,000. Finally, Intech Investment Management LLC purchased a new position in Iteris during the third quarter worth $78,000. Institutional investors and hedge funds own 51.16% of the company’s stock.

About Iteris

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.