Iteris (ITI) Getting Somewhat Positive Press Coverage, Analysis Shows
Media stories about Iteris (NASDAQ:ITI) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Iteris earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 44.5759180757247 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Iteris (ITI) traded up $0.20 on Wednesday, reaching $7.17. 127,200 shares of the company’s stock were exchanged, compared to its average volume of 127,550. The company has a market capitalization of $235.08, a PE ratio of -35.85 and a beta of -0.46. Iteris has a twelve month low of $3.52 and a twelve month high of $8.17.
Several analysts recently weighed in on ITI shares. Zacks Investment Research cut shares of Iteris from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Northland Securities set a $9.00 price objective on shares of Iteris and gave the stock a “buy” rating in a research note on Monday, November 13th. Finally, B. Riley reissued a “buy” rating and issued a $9.00 price objective on shares of Iteris in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $8.31.
Iteris Company Profile
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. 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.
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