Iteris (NASDAQ:ITI) Research Coverage Started at StockNews.com

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

ITI has been the topic of a number of other research reports. Maxim Group reaffirmed a “hold” rating on shares of Iteris in a research note on Monday, August 12th. B. Riley reaffirmed a “neutral” rating and set a $7.20 price target (down previously from $8.00) on shares of Iteris in a research note on Wednesday, August 21st. Finally, Northland Capmk downgraded shares of Iteris from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th.

Iteris Price Performance

ITI stock opened at $7.19 on Friday. The company’s 50 day simple moving average is $7.16 and its 200-day simple moving average is $5.81. The firm has a market capitalization of $307.88 million, a PE ratio of 239.75 and a beta of 0.87. Iteris has a 12 month low of $4.00 and a 12 month high of $7.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Access Investment Management LLC raised its position 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 buying 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 1st quarter worth about $43,000. Bfsg LLC raised its position in shares of Iteris by 31.4% during the 2nd quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock worth $55,000 after buying an additional 3,038 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Iteris during the 1st quarter worth about $66,000. Finally, Intech Investment Management LLC bought a new stake in shares of Iteris during the 3rd quarter worth about $78,000. 51.16% of the stock is owned by institutional investors and hedge funds.

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.