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

Investment analysts at StockNews.com initiated coverage on shares of Iteris (NASDAQ:ITI) in a report released on Saturday. The brokerage set a “buy” rating on the technology company’s stock.

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

Iteris Price Performance

NASDAQ ITI opened at $7.19 on Friday. The firm has a market cap of $307.88 million, a PE ratio of 239.75 and a beta of 0.87. Iteris has a one year low of $4.00 and a one year high of $7.20. The stock’s 50 day simple moving average is $7.16 and its 200 day simple moving average is $5.77.

Institutional Trading of Iteris

Institutional investors have recently modified their holdings of the company. Barclays PLC increased its position in shares of Iteris by 297.2% in the third quarter. Barclays PLC now owns 60,496 shares of the technology company’s stock valued at $431,000 after acquiring an additional 45,265 shares during the last quarter. State Street Corp increased its position in Iteris by 5.9% during the third quarter. State Street Corp now owns 716,774 shares of the technology company’s stock worth $5,118,000 after buying an additional 40,098 shares during the last quarter. Glazer Capital LLC acquired a new position in Iteris during the third quarter worth approximately $20,313,000. BNP Paribas Financial Markets increased its position in Iteris by 18.1% during the third quarter. BNP Paribas Financial Markets now owns 20,250 shares of the technology company’s stock worth $145,000 after buying an additional 3,104 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in Iteris during the third quarter worth approximately $257,000. 51.16% of the stock is currently owned by institutional investors.

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.