Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Iteris (ITI) Stock Price
Press coverage about Iteris (NASDAQ:ITI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Iteris earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 47.2430445913216 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Iteris, Inc (ITI) CEO Joe Bergera on Q1 2019 Results – Earnings Call Transcript (seekingalpha.com)
- $24.93 Million in Sales Expected for Iteris Inc (ITI) This Quarter (americanbankingnews.com)
- Iteris EPS in-line, beats on revenue (seekingalpha.com)
- Iteris Reports First Quarter Revenue of $25.5 Million (finance.yahoo.com)
- Iteris (ITI) Reports Q1 Loss, Tops Revenue Estimates (finance.yahoo.com)
Iteris traded down $0.11, hitting $4.72, during trading hours on Friday, MarketBeat Ratings reports. 36,717 shares of the stock traded hands, compared to its average volume of 75,248. Iteris has a one year low of $4.09 and a one year high of $8.17. The stock has a market capitalization of $160.37 million, a P/E ratio of -118.00 and a beta of -0.07.
Several research analysts have recently issued reports on the company. ValuEngine raised Iteris from a “hold” rating to a “buy” rating in a research note on Tuesday, June 5th. B. Riley set a $9.00 price target on Iteris and gave the stock a “buy” rating in a research note on Saturday, April 14th. Finally, Zacks Investment Research raised Iteris from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Wednesday, July 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $8.63.
Iteris Company Profile
Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company's Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.
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