Published On: Fri, Sep 9th, 2016

Insider Selling: Iteris Inc. (ITI) Director Sells 5,000 Shares of Stock

Iteris Inc. (NASDAQ:ITI) Director Kevin Daly sold 5,000 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $3.68, for a total value of $18,400.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at $18,400. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Iteris Inc. (NASDAQ:ITI) traded up 0.27% during midday trading on Thursday, hitting $3.76. The company had a trading volume of 51,723 shares. The firm’s market capitalization is $120.57 million. Iteris Inc. has a 12 month low of $1.89 and a 12 month high of $3.86. The company has a 50-day moving average of $3.40 and a 200 day moving average of $2.79.
Iteris (NASDAQ:ITI) last announced its quarterly earnings data on Thursday, June 16th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. The company earned $19.80 million during the quarter. On average, analysts expect that Iteris Inc. will post ($0.05) EPS for the current fiscal year.

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ITI has been the subject of a number of analyst reports. Northland Securities restated an “outperform” rating on shares of Iteris in a research note on Tuesday, August 30th. Zacks Investment Research cut Iteris from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 21st.
About Iteris
Iteris, Inc is a provider of information solutions for the intelligent traffic systems (ITS) and the precision agriculture markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment products include Vantage, Vantage Vector, VantageView, SmartCycle and vehicle detection systems for traffic intersection control, incident detection and highway traffic data collection applications.

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