Zacks Investment Research lowered shares of Iteris (NASDAQ:ITI) from a hold rating to a sell rating in a research note issued to investors on Friday morning, Zacks.com reports.

According to Zacks, “Iteris, Inc. is a leading provider of outdoor vision systems and sensors that optimize the flow of traffic and enhance driver safety. Iteris combines outdoor image processing, traffic engineering, and information technology to offer a broad range of transportation and safety solutions. “

A number of other analysts have also recently commented on ITI. Dougherty & Co started coverage on shares of Iteris in a research report on Tuesday, August 27th. They issued a buy rating and a $6.50 price objective for the company. Northland Securities restated a buy rating and issued a $9.00 price objective on shares of Iteris in a research report on Monday, June 24th. ValuEngine upgraded shares of Iteris from a buy rating to a strong-buy rating in a research report on Friday, August 23rd. Finally, TheStreet upgraded shares of Iteris from a d+ rating to a c- rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $7.38.

Shares of Iteris stock traded up $0.07 on Friday, hitting $6.21. 192,400 shares of the company’s stock traded hands, compared to its average volume of 180,411. The firm’s 50-day moving average price is $5.27 and its two-hundred day moving average price is $4.88. Iteris has a one year low of $3.24 and a one year high of $6.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.46 and a current ratio of 2.55.

Iteris (NASDAQ:ITI) last issued its earnings results on Tuesday, August 6th. The technology company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $26.61 million during the quarter, compared to analysts’ expectations of $26.66 million. Iteris had a negative net margin of 7.79% and a negative return on equity of 11.35%. As a group, equities research analysts predict that Iteris will post -0.09 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in shares of Iteris by 3.4% in the 2nd quarter. LPL Financial LLC now owns 147,300 shares of the technology company’s stock valued at $762,000 after buying an additional 4,900 shares in the last quarter. Strs Ohio increased its position in shares of Iteris by 5.2% in the 2nd quarter. Strs Ohio now owns 106,300 shares of the technology company’s stock valued at $549,000 after buying an additional 5,300 shares in the last quarter. Northern Trust Corp increased its position in shares of Iteris by 2.7% in the 2nd quarter. Northern Trust Corp now owns 348,661 shares of the technology company’s stock valued at $1,803,000 after buying an additional 9,302 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Iteris in the 2nd quarter valued at $62,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Iteris by 22.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 65,956 shares of the technology company’s stock valued at $341,000 after buying an additional 11,905 shares in the last quarter. Institutional investors and hedge funds own 44.98% of the company’s stock.

About Iteris

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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