Iteris (NASDAQ:ITI) issued its earnings results on Wednesday. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01), Morningstar.com reports. The firm had revenue of $23.14 million during the quarter, compared to the consensus estimate of $24.18 million. Iteris had a negative return on equity of 8.76% and a negative net margin of 4.93%.
Shares of NASDAQ ITI traded down $0.04 during midday trading on Thursday, reaching $4.01. 2,005 shares of the company traded hands, compared to its average volume of 77,670. The stock has a market cap of $134.67 million, a PE ratio of -100.50 and a beta of 0.55. Iteris has a 12 month low of $3.24 and a 12 month high of $6.48.
Several brokerages recently commented on ITI. B. Riley reduced their target price on Iteris from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 5th. TheStreet cut Iteris from a “c-” rating to a “d+” rating in a report on Tuesday, December 4th. Zacks Investment Research raised Iteris from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Tuesday, January 15th. Finally, Northland Securities set a $8.00 price objective on Iteris and gave the company a “buy” rating in a report on Thursday, December 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $6.75.
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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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