Iteris (ITI) Earning Somewhat Favorable News Coverage, Study Shows
Media stories about Iteris (NASDAQ:ITI) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media 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 positive one, with scores nearest to one being the most favorable. Iteris earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.2484390950792 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts have weighed in on ITI shares. ValuEngine downgraded Iteris from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. B. Riley reissued a “buy” rating on shares of Iteris in a research report on Friday, June 9th. Finally, Dougherty & Co started coverage on Iteris in a research report on Tuesday, July 18th. They set a “buy” rating and a $8.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $5.88.
Iteris (ITI) traded up 2.17% during midday trading on Monday, hitting $6.13. The stock had a trading volume of 57,057 shares. Iteris has a one year low of $3.19 and a one year high of $6.91. The stock’s market cap is $199.63 million. The firm has a 50 day moving average price of $6.33 and a 200 day moving average price of $5.61.
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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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