Iteris (ITI) Scheduled to Post Quarterly Earnings on Thursday

Iteris (NASDAQ:ITI – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Thursday, June 1st. Analysts expect Iteris to post earnings of $0.05 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Iteris Price Performance

Shares of Iteris stock opened at $4.33 on Thursday. The firm has a market capitalization of $185.21 million, a PE ratio of -10.83 and a beta of 0.89. The company’s fifty day moving average price is $4.52 and its two-hundred day moving average price is $3.93. Iteris has a 52-week low of $2.46 and a 52-week high of $4.96.

Hedge Funds Weigh In On Iteris

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in Iteris by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 724,361 shares of the technology company’s stock worth $2,159,000 after acquiring an additional 57,487 shares during the period. Vanguard Group Inc. grew its holdings in shares of Iteris by 4.6% during the first quarter. Vanguard Group Inc. now owns 2,191,817 shares of the technology company’s stock worth $6,532,000 after buying an additional 96,281 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Iteris by 35.2% during the first quarter. Renaissance Technologies LLC now owns 587,885 shares of the technology company’s stock worth $1,752,000 after buying an additional 153,113 shares during the last quarter. Engineers Gate Manager LP lifted its position in Iteris by 42.4% in the first quarter. Engineers Gate Manager LP now owns 110,062 shares of the technology company’s stock valued at $328,000 after purchasing an additional 32,783 shares during the period. Finally, State Street Corp lifted its position in shares of Iteris by 1.0% during the 1st quarter. State Street Corp now owns 688,089 shares of the technology company’s stock valued at $2,051,000 after acquiring an additional 6,586 shares during the period. Institutional investors and hedge funds own 43.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TheStreet raised shares of Iteris from a “d+” rating to a “c-” rating in a research report on Friday, February 3rd. EF Hutton Acquisition Co. I upped their target price on Iteris from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Monday, February 6th. Northland Securities upped their price objective on Iteris from $6.00 to $7.00 in a research note on Thursday, April 27th. B. Riley increased their price target on Iteris from $3.50 to $4.50 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Finally, StockNews.com downgraded Iteris from a “buy” rating to a “hold” rating in a research note on Monday.

About Iteris

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Iteris, Inc engages in the provision of smart mobility infrastructure management solutions. The firms solutions enable public transportation agencies, municipalities, commercial entities and other transportation infrastructure providers to monitor, visualize, and optimize mobility infrastructure to help ensure roads are safe, travel is efficient, and communities thrive.