The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Finally, Zacks Investment Research raised Iteris from a "sell" rating to a "hold" rating in a research report on Wednesday, April 12th. ValuEngine cut shares of Iteris from a "hold" rating to a "sell" rating in a research report on Thursday, May 11th.
Iteris (ITI) opened at 6.39 on Friday. The shares were sold at an average price of $5.50, for a total transaction of $1,762,750.00.
Several equities research analysts have issued reports on the stock. The stock was sold at an average price of $6.50, for a total value of $183,469.00. Iteris Inc has a 1-year low of $2.81 and a 1-year high of $6.60. 156,597 shares of the company's stock were exchanged.
Iteris Inc (NYSE:ITI) received a $8.00 target price from Northland Securities in a report issued on Tuesday, July 4th. The stock's market capitalization is $203.08 million. More interesting news about Iteris Inc (NASDAQ:ITI) were released by: Nasdaq.com and their article: "Iteris Inc (ITI) Files 10-K for the Fiscal Year Ended on March 31, 2017" published on June 14, 2017 as well as Seekingalpha.com's news article titled: "Iteris' (ITI) CEO Joseph Bergera on Q4 2017 Results - Earnings Call Transcript" with publication date: June 09, 2017. (NASDAQ:ITI) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The company's 50-day moving average price is $5.96 and its 200 day moving average price is $5.11. Iteris had a negative return on equity of 33.30% and a negative net margin of 13.64%. 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 piece of content on another domain, it was copied illegally and republished in violation of US & worldwide copyright laws. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2017/07/15/insider-selling-iteris-inc-iti-director-sells-385218-shares-of-stock.html.
Iteris, Inc.is a provider of information solutions for both the traffic management and global agribusiness markets. Following the completion of the sale, the insider now owns 42,743 shares of the company's stock, valued at $277,829.50. 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. The Firm operates through three divisions: Roadway Sensors, Transportation Systems and Performance Analytics.