What's Ahead for Iteris Incorporated (NASDAQ:ITI) After More Shorted Shares?

The firm has a 50 day moving average of $5.96 and a 200 day moving average of $5.11. The stock was sold at an average price of $6.50, for a total value of $183,469.00. Iteris has a 52-week low of $3.03 and a 52-week high of $6.60. The company has market cap of $209.53 million. The firm had revenue of $25.30 million during the quarter, compared to analysts' expectations of $21.50 million. The company reported ($0.04) EPS for the quarter, hitting analysts' consensus estimates of ($0.04). The firm owned 649,100 shares of the technology company's stock after buying an additional 48,900 shares during the period.

More notable recent Iteris Inc (NASDAQ:ITI) news were published by: Businesswire.com which released: "Iteris and Syngenta Partner to Provide ClearAg in Italy" on May 23, 2017, also Businesswire.com with their article: "USDOT Releases Iteris-Led Architecture Reference for Cooperative and ..." published on July 11, 2017, Seekingalpha.com published: "Iteris Expecting Big Things From Big Data" on April 04, 2017. Finally, Northland Securities set a $8.00 price objective on Iteris and gave the company a "buy" rating in a research report on Tuesday, July 4th. Iteris combines outdoor image processing, traffic engineering, and information technology to offer a broad range of transportation and safety solutions. Zacks Investment Research cut Iteris from a "hold" rating to a "sell" rating in a research note on Tuesday, June 27th. Analysts anticipate that Iteris will post ($0.03) earnings per share for the current fiscal year. Iteris had a negative net margin of 13.64% and a negative return on equity of 33.30%.

In other Iteris news, Director Global Investors Fundamental sold 385,218 shares of the firm's stock in a transaction dated Tuesday, June 13th. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & worldwide copyright and trademark law. The stock was sold at an average price of $5.50, for a total transaction of $1,762,750.00. The correct version of this article can be viewed at https://www.baseball-news-blog.com/2017/07/16/zacks-investment-research-lowers-iteris-inc-iti-to-sell-updated.html. Following the completion of the sale, the insider now owns 42,743 shares of the company's stock, valued at $256,458. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The disclosure for this sale can be found here. 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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