News headlines about Iteris (NASDAQ:ITI) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Iteris earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.4306728196372 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Iteris traded down $0.08, hitting $5.23, during trading on Wednesday, MarketBeat reports. The company had a trading volume of 2,744 shares, compared to its average volume of 215,488. Iteris has a 1-year low of $4.09 and a 1-year high of $8.17. The company has a market capitalization of $182.23 million, a PE ratio of -65.38 and a beta of -0.10.
Several research firms recently weighed in on ITI. JMP Securities began coverage on shares of Iteris in a report on Thursday, January 25th. They issued an “outperform” rating and a $10.50 target price for the company. B. Riley set a $9.00 target price on shares of Iteris and gave the company a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research downgraded shares of Iteris from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, ValuEngine downgraded shares of Iteris from a “buy” rating to a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $8.75.
Iteris, Inc provides intelligent information solutions to traffic management and global agribusiness markets worldwide. It operates in three segments: Roadway Sensors, Transportation Systems, and Agriculture and Weather Analytics. The Roadway Sensors segment provides vehicle detection and information systems and products for traffic intersection control, incident detection, and roadway traffic data collection applications.
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