Iteris Inc (NASDAQ:ITI) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, May 11th.
Several other research analysts also recently commented on ITI. Craig Hallum assumed coverage on shares of Iteris in a research note on Thursday, February 2nd. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of Iteris from a “hold” rating to a “sell” rating in a research report on Tuesday, February 14th.
Iteris (ITI) opened at 6.11 on Thursday. The stock’s 50 day moving average is $5.56 and its 200-day moving average is $4.79. The company’s market cap is $196.98 million. Iteris has a 52-week low of $2.20 and a 52-week high of $6.50.
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In other news, insider Ramin M. Massoumi sold 25,650 shares of Iteris stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $5.13, for a total transaction of $131,584.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lloyd I. Miller III sold 100,000 shares of Iteris stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $6.00, for a total transaction of $600,000.00. Following the transaction, the insider now directly owns 42,743 shares of the company’s stock, valued at $256,458. The disclosure for this sale can be found here. Insiders sold a total of 135,650 shares of company stock valued at $781,585 over the last quarter. 14.90% of the stock is owned by company insiders.
An institutional investor recently raised its position in Iteris stock. Renaissance Technologies LLC increased its stake in Iteris Inc (NASDAQ:ITI) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 649,100 shares of the technology company’s stock after buying an additional 48,900 shares during the period. Renaissance Technologies LLC owned about 2.02% of Iteris worth $2,363,000 at the end of the most recent quarter. 20.66% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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