Headlines about Iteris (NASDAQ:ITI) have been trending somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Iteris earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.2117666213127 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- BRIEF-Iteris Announces Agreement To Distribute Tapco Intelligent Warning Systems In Texas (reuters.com)
- Iteris Inc (ITI) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Iteris Announces Agreement to Distribute TAPCO Intelligent Warning Systems in Texas (finance.yahoo.com)
- Iteris to Present at JMP Securities Technology Conference on February 27, 2018 (finance.yahoo.com)
Shares of Iteris (NASDAQ:ITI) traded up $0.39 during trading hours on Tuesday, hitting $5.87. 203,400 shares of the stock were exchanged, compared to its average volume of 305,730. The firm has a market capitalization of $181.24, a price-to-earnings ratio of -45.15 and a beta of -0.45. Iteris has a 52 week low of $4.60 and a 52 week high of $8.17.
A number of analysts have weighed in on the stock. B. Riley set a $9.00 target price on shares of Iteris and gave the company a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research lowered shares of Iteris from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Northland Securities set a $9.00 price target on shares of Iteris and gave the stock a “buy” rating in a report on Monday, November 13th. Finally, JMP Securities assumed coverage on shares of Iteris in a report on Thursday, January 25th. They set an “outperform” rating and a $10.50 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $8.75.
In related news, insider Todd Kreter sold 37,500 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $6.10, for a total value of $228,750.00. Following the transaction, the insider now owns 40,803 shares in the company, valued at $248,898.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Neil S. Subin sold 113,523 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $6.07, for a total transaction of $689,084.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 281,414 shares of company stock worth $1,880,358. 4.30% of the stock is owned by company insiders.
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Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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