Iteris Inc (ITI) Director Sells 385218 Shares of Stock

Xavier Trudeau
Juillet 17, 2017

The firm owned 649,100 shares of the technology company's stock after buying an additional 48,900 shares during the period. Zacks Investment Research upgraded shares of Iteris from a "sell" rating to a "hold" rating in a research note on Wednesday, April 12th. Accern also assigned media headlines about the company an impact score of 87 out of 100, meaning that recent press coverage is very likely to have an effect on the stock's share price in the immediate future. On average, equities research analysts predict that Iteris will post ($0.03) EPS for the current fiscal year. The stock was sold at an average price of $5.49, for a total value of $2,114,846.82. With 196,300 shares average volume, it will take short sellers 1 days to cover their ITI's short positions.

The stock of Iteris Inc (NASDAQ:ITI) hit a new 52-week high and has $6.97 target or 8.00 % above today's $6.45 share price.

The stock of Iteris Incorporated (NASDAQ:ITI) registered an increase of 6.63% in short interest. The company's market capitalization is $204.38 million. (NASDAQ:ITI) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

Iteris (NYSE:ITI) last released its earnings results on Thursday, June 8th. The firm's 50-day moving average is $5.96 and its 200 day moving average is $5.11. Iteris had a negative net margin of 13.64% and a negative return on equity of 33.30%.

Iteris, Inc.is a provider of information solutions for both the traffic management and global agribusiness markets. The firm had revenue of $25.30 million for the quarter, compared to analysts' expectations of $21.50 million. If you are viewing this news story on another domain, it was stolen and republished in violation of USA and worldwide copyright laws.

In related news, Director Global Investors Fundamental sold 385,218 shares of Iteris stock in a transaction that occurred on Tuesday, June 13th. The original version of this article can be accessed at https://www.themarketsdaily.com/2017/07/15/iteris-inc-iti-given-a-8-00-price-target-at-northland-securities-updated.html. Following the transaction, the insider now directly owns 42,743 shares of the company's stock, valued at $277,829.50. Insiders sold 733,944 shares of company stock valued at $4,061,066 in the last three months. The Firm operates through three divisions: 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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