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

Iteris, Inc. (NASDAQ:ITI) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 changing hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ITI. StockNews.com downgraded shares of Iteris from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 19th. B. Riley upped their price objective on shares of Iteris from $6.00 to $8.50 and gave the company a “buy” rating in a research note on Friday, February 9th.

Iteris Stock Down 2.0 %

The company has a market cap of $193.10 million, a PE ratio of 75.00 and a beta of 0.67. The stock’s 50 day simple moving average is $4.91 and its two-hundred day simple moving average is $4.69.

Iteris (NASDAQ:ITI) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Iteris had a net margin of 1.45% and a return on equity of 3.76%. The company had revenue of $42.13 million during the quarter, compared to analyst estimates of $41.39 million. Analysts forecast that Iteris, Inc. will post 0.1 EPS for the current year.

Insider Activity at Iteris

In related news, major shareholder Samjo Management, Llc sold 72,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $5.36, for a total transaction of $385,920.00. Following the completion of the sale, the insider now directly owns 6,320,800 shares of the company’s stock, valued at approximately $33,879,488. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder Samjo Management, Llc sold 72,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $5.36, for a total transaction of $385,920.00. Following the completion of the sale, the insider now directly owns 6,320,800 shares of the company’s stock, valued at approximately $33,879,488. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO J. Joseph Bergera sold 13,450 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $5.03, for a total transaction of $67,653.50. Following the sale, the chief executive officer now directly owns 192,238 shares of the company’s stock, valued at $966,957.14. The disclosure for this sale can be found here. In the last three months, insiders sold 127,164 shares of company stock valued at $662,009. Corporate insiders own 7.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Iteris by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,412,795 shares of the technology company’s stock valued at $12,547,000 after acquiring an additional 20,379 shares during the last quarter. BlackRock Inc. lifted its position in shares of Iteris by 211.2% in the 2nd quarter. BlackRock Inc. now owns 2,356,101 shares of the technology company’s stock worth $9,330,000 after buying an additional 1,599,016 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Iteris by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,160,380 shares of the technology company’s stock worth $4,595,000 after buying an additional 82,278 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Iteris by 109.9% in the 2nd quarter. Geode Capital Management LLC now owns 820,725 shares of the technology company’s stock worth $3,250,000 after buying an additional 429,750 shares during the last quarter. 51.16% of the stock is currently owned by institutional investors.

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.