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

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

Other research analysts also recently issued research reports about the stock. B. Riley reissued a “neutral” rating and issued a $7.20 price objective (down previously from $8.00) on shares of Iteris in a research report on Wednesday, August 21st. Northland Capmk cut shares of Iteris from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Maxim Group reiterated a “hold” rating on shares of Iteris in a research note on Monday, August 12th.

Iteris Stock Performance

Iteris stock opened at $7.19 on Friday. The company has a market cap of $307.88 million, a P/E ratio of 239.75 and a beta of 0.87. Iteris has a 1-year low of $4.00 and a 1-year high of $7.20. The company has a fifty day simple moving average of $7.18 and a 200 day simple moving average of $5.94.

Institutional Investors Weigh In On Iteris

Institutional investors have recently added to or reduced their stakes in the business. Glazer Capital LLC bought a new stake in shares of Iteris in the 3rd quarter valued at $20,313,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Iteris during the 1st quarter valued at $1,270,000. Private Management Group Inc. lifted its position in shares of Iteris by 13.3% during the 2nd quarter. Private Management Group Inc. now owns 1,626,954 shares of the technology company’s stock valued at $7,045,000 after acquiring an additional 191,511 shares during the period. Acuitas Investments LLC lifted its position in shares of Iteris by 155.2% during the 2nd quarter. Acuitas Investments LLC now owns 270,534 shares of the technology company’s stock valued at $1,171,000 after acquiring an additional 164,539 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in shares of Iteris during the 3rd quarter valued at $751,000. 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.