Iteris Inc (NASDAQ:ITI) major shareholder Neil S. Subin sold 91,885 shares of the stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $4.06, for a total transaction of $373,053.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
ITI opened at $4.13 on Wednesday. Iteris Inc has a 1-year low of $3.62 and a 1-year high of $7.88. The company has a market capitalization of $134.47 million, a PE ratio of -102.75 and a beta of -0.07.
Iteris (NASDAQ:ITI) last posted its quarterly earnings results on Tuesday, August 7th. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Iteris had a negative net margin of 4.54% and a negative return on equity of 10.36%. The company had revenue of $25.48 million for the quarter, compared to the consensus estimate of $24.22 million. Sell-side analysts anticipate that Iteris Inc will post -0.08 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Dougherty & Co reiterated a “buy” rating on shares of Iteris in a research note on Tuesday, September 4th. Zacks Investment Research downgraded shares of Iteris from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. Finally, ValuEngine downgraded shares of Iteris from a “buy” rating to a “hold” rating in a research note on Saturday, September 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $8.31.
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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