Iteris Inc (NASDAQ:ITI) insider Thomas N. Blair sold 18,750 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $6.05, for a total transaction of $113,437.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Iteris Inc (ITI) opened at $6.36 on Wednesday. Iteris Inc has a one year low of $4.84 and a one year high of $8.17. The company has a market cap of $201.08, a PE ratio of -48.92 and a beta of -0.22.
Iteris (NASDAQ:ITI) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. Iteris had a negative net margin of 4.32% and a negative return on equity of 10.05%. The business had revenue of $26.03 million for the quarter, compared to the consensus estimate of $23.28 million. equities research analysts forecast that Iteris Inc will post -0.07 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in shares of Iteris in the third quarter valued at about $116,000. SG Americas Securities LLC acquired a new position in shares of Iteris in the third quarter valued at about $120,000. Wells Fargo & Company MN grew its stake in shares of Iteris by 1,730.8% in the third quarter. Wells Fargo & Company MN now owns 18,308 shares of the technology company’s stock valued at $122,000 after acquiring an additional 17,308 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Iteris by 120.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 20,942 shares of the technology company’s stock worth $146,000 after buying an additional 11,438 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Iteris during the second quarter worth about $156,000. Institutional investors and hedge funds own 33.21% of the company’s stock.
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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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