Iteris (NASDAQ:ITI) Share Price Crosses Below 50-Day Moving Average of $4.64

Iteris, Inc. (NASDAQ:ITIGet Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.64 and traded as low as $4.43. Iteris shares last traded at $4.51, with a volume of 42,546 shares changing hands.

Wall Street Analyst Weigh In

ITI has been the subject of a number of research analyst reports. B. Riley upped their target price on Iteris from $6.00 to $8.50 and gave the company a “buy” rating in a research report on Friday, February 9th. StockNews.com downgraded Iteris from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th. Finally, Maxim Group initiated coverage on Iteris in a report on Tuesday, April 30th. They set a “buy” rating and a $11.00 price objective on the stock.

View Our Latest Stock Analysis on ITI

Iteris Stock Down 0.4 %

The firm has a fifty day moving average price of $4.64 and a 200-day moving average price of $4.76. The firm has a market cap of $193.52 million, a price-to-earnings ratio of 75.17 and a beta of 0.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in Iteris in the first quarter valued at $43,000. Bfsg LLC acquired a new position in Iteris in the fourth quarter valued at $50,000. Allspring Global Investments Holdings LLC acquired a new position in Iteris in the third quarter valued at $46,000. EntryPoint Capital LLC acquired a new position in Iteris in the first quarter valued at $66,000. Finally, SG Americas Securities LLC boosted its holdings in Iteris by 47.0% in the fourth quarter. SG Americas Securities LLC now owns 18,439 shares of the technology company’s stock valued at $96,000 after acquiring an additional 5,897 shares during the last quarter. Institutional investors and hedge funds own 51.16% of the company’s stock.

About Iteris

(Get Free Report)

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.

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