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

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

Several other research firms also recently weighed in on ITI. Northland Capmk downgraded shares of Iteris from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. B. Riley restated a “neutral” rating and set a $7.20 price objective (down previously from $8.00) on shares of Iteris in a report on Wednesday, August 21st. Finally, Maxim Group restated a “hold” rating on shares of Iteris in a report on Monday, August 12th.

Iteris Price Performance

Iteris stock opened at $7.19 on Friday. Iteris has a 12-month low of $4.00 and a 12-month high of $7.20. The firm’s fifty day moving average is $7.18 and its 200 day moving average is $5.94. The company has a market capitalization of $307.88 million, a PE ratio of 239.75 and a beta of 0.87.

Institutional Trading of Iteris

Several institutional investors have recently made changes to their positions in ITI. Glazer Capital LLC bought a new stake in shares of Iteris in the 3rd quarter worth $20,313,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Iteris in the 1st quarter worth $1,270,000. Private Management Group Inc. grew its stake in shares of Iteris by 13.3% in the 2nd quarter. Private Management Group Inc. now owns 1,626,954 shares of the technology company’s stock worth $7,045,000 after acquiring an additional 191,511 shares in the last quarter. Acuitas Investments LLC grew its position in Iteris by 155.2% during the second quarter. Acuitas Investments LLC now owns 270,534 shares of the technology company’s stock valued at $1,171,000 after buying an additional 164,539 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in Iteris during the third quarter valued at about $751,000. Institutional investors own 51.16% of the company’s stock.

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.