Iteris (NASDAQ:ITI) Stock Price Passes Below 50 Day Moving Average of $4.94

Shares of Iteris, Inc. (NASDAQ:ITI) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.94 and traded as low as $4.61. Iteris shares last traded at $4.63, with a volume of 72,880 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ITI shares. B. Riley boosted their target price on shares of Iteris from $6.00 to $8.50 and gave the stock a “buy” rating in a research report on Friday, February 9th. StockNews.com lowered shares of Iteris from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th.

Iteris Trading Down 2.0 %

The stock has a market cap of $193.10 million, a P/E ratio of 75.00 and a beta of 0.67. The company’s fifty day simple moving average is $4.91 and its 200-day simple moving average is $4.69.

Iteris (NASDAQ:ITI) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $42.13 million for the quarter, compared to analyst estimates of $41.39 million. Iteris had a net margin of 1.45% and a return on equity of 3.76%. As a group, analysts expect that Iteris, Inc. will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Iteris

In other news, CEO J. Joseph Bergera sold 10,714 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $5.19, for a total value of $55,605.66. Following the sale, the chief executive officer now owns 182,424 shares in the company, valued at approximately $946,780.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO J. Joseph Bergera sold 10,714 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $5.19, for a total value of $55,605.66. Following the sale, the chief executive officer now owns 182,424 shares in the company, valued at approximately $946,780.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Samjo Management, Llc sold 31,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $4.93, for a total transaction of $152,830.00. Following the completion of the sale, the insider now owns 6,432,800 shares in the company, valued at approximately $31,713,704. The disclosure for this sale can be found here. Insiders have sold 127,164 shares of company stock valued at $662,009 in the last 90 days. 7.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Iteris

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bouvel Investment Partners LLC lifted its position in Iteris by 2.3% during the 1st quarter. Bouvel Investment Partners LLC now owns 301,740 shares of the technology company’s stock worth $1,491,000 after buying an additional 6,850 shares in the last quarter. Vanguard Group Inc. lifted its position in Iteris by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,412,795 shares of the technology company’s stock worth $12,547,000 after buying an additional 20,379 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Iteris during the 4th quarter worth about $55,000. Price T Rowe Associates Inc. MD acquired a new position in Iteris during the 4th quarter worth about $55,000. Finally, Barclays PLC lifted its position in Iteris by 631.8% during the 4th quarter. Barclays PLC now owns 58,977 shares of the technology company’s stock worth $307,000 after buying an additional 50,918 shares in the last quarter. Institutional investors and hedge funds 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.