Somewhat Favorable News Coverage Somewhat Unlikely to Affect Iteris (ITI) Stock Price
Media headlines about Iteris (NYSE:ITI) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. 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 0.09 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.5150490159737 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Iteris (NYSE:ITI) opened at $6.76 on Monday. Iteris has a 12 month low of $3.20 and a 12 month high of $8.17.
Iteris (NYSE:ITI) last posted its quarterly earnings data on Monday, August 7th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $27.18 million for the quarter, compared to the consensus estimate of $26.31 million. Iteris had a negative return on equity of 5.53% and a negative net margin of 2.05%.
Several research analysts have recently commented on ITI shares. Dougherty & Co started coverage on Iteris in a research note on Tuesday, July 18th. They issued a “buy” rating and a $8.00 price objective on the stock. B. Riley reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Iteris in a research note on Friday, August 4th. Northland Securities set a $8.00 price objective on Iteris and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research raised Iteris from a “sell” rating to a “hold” rating and set a $7.00 price objective on the stock in a research note on Wednesday, August 9th.
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In related news, VP Thomas N. Blair sold 17,096 shares of Iteris stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $6.00, for a total transaction of $102,576.00. Following the sale, the vice president now owns 25,000 shares of the company’s stock, valued at approximately $150,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas N. Blair sold 43,750 shares of Iteris stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $5.99, for a total value of $262,062.50. Following the sale, the insider now directly owns 25,000 shares in the company, valued at approximately $149,750. The disclosure for this sale can be found here. Insiders have sold a total of 481,051 shares of company stock worth $2,990,259 in the last three months.
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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