Zacks Investment Research downgraded shares of Iteris (NASDAQ:ITI) from a hold rating to a sell rating in a report published on Friday, 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. “

Other equities analysts have also issued research reports about the company. Dougherty & Co assumed coverage on Iteris in a research report on Tuesday, August 27th. They set a buy rating and a $6.50 price objective for the company. TheStreet raised Iteris from a d+ rating to a c- rating in a research report on Wednesday, August 28th. Northland Securities reissued a buy rating and set a $9.00 price objective on shares of Iteris in a research report on Monday, June 24th. Finally, ValuEngine raised Iteris from a buy rating to a strong-buy rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $7.38.

Shares of ITI stock opened at $6.37 on Friday. The stock has a fifty day moving average of $5.33 and a 200 day moving average of $4.90. Iteris has a 52 week low of $3.24 and a 52 week high of $6.42. The firm has a market capitalization of $248.61 million, a price-to-earnings ratio of -57.91 and a beta of 0.29. The company has a quick ratio of 2.46, a current ratio of 2.55 and a debt-to-equity ratio of 0.20.

Iteris (NASDAQ:ITI) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $26.61 million during the quarter, compared to analyst estimates of $26.66 million. Iteris had a negative return on equity of 11.35% and a negative net margin of 7.79%. Equities research analysts anticipate that Iteris will post -0.09 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of Iteris during the first quarter valued at $53,000. Citadel Advisors LLC bought a new position in shares of Iteris during the second quarter valued at $62,000. Jane Street Group LLC bought a new position in shares of Iteris during the second quarter valued at $75,000. Pentwater Capital Management LP bought a new position in shares of Iteris during the second quarter valued at $80,000. Finally, Alambic Investment Management L.P. bought a new position in shares of Iteris during the second quarter valued at $97,000. 44.98% of the stock is owned by institutional investors and hedge funds.

Iteris Company Profile

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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