Analysts Set $8.17 Target Price for Iteris, Inc. (ITI)

The firm owned 649,100 shares of the technology company's stock after buying an additional 48,900 shares during the period.

WARNING: "Iteris Inc (ITI) Downgraded by Zacks Investment Research" was originally reported by Stock Observer and is the property of of Stock Observer. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.04). On average, equities research analysts predict that Iteris will post ($0.03) EPS for the current fiscal year. The shares were 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. Finally, Northland Securities set a $8.00 target price on shares of Iteris and gave the stock a "buy" rating in a report on Tuesday, July 4th.

Iteris (NYSE ITI) traded down 2.59% during midday trading on Friday, reaching $6.39. The firm's market cap is $207.63 million.

The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The firm has a 50 day moving average price of $5.96 and a 200-day moving average price of $5.11.

Iteris (NYSE:ITI) last posted its quarterly earnings data on Thursday, June 8th. Iteris had a negative return on equity of 33.30% and a negative net margin of 13.64%. Iteris combines outdoor image processing, traffic engineering, and information technology to offer a broad range of transportation and safety solutions. The firm had revenue of $25.30 million for the quarter, compared to the consensus estimate of $21.50 million. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & worldwide copyright & trademark legislation.

In other Iteris news, Director Global Investors Fundamental sold 320,500 shares of Iteris stock in a transaction on Monday, June 12th. The legal version of this piece of content can be accessed at Following the completion of the sale, the insider now owns 42,743 shares of the company's stock, valued at $256,458. The disclosure for this sale can be found here. 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.