Iteris (ITI) : Traders are bullish on Iteris (ITI) as it has outperformed the S&P 500 by a wide margin of 36.88% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.22%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.82% in the last 1 week, and is up 42.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 27.13% and the 50-Day Moving Average is 41.9%.
Iteris (NYSEMKT:ITI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.26 and $3.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.70, notching a gain of 17.83% for the day. The total traded volume was 1,473,186 . The stock had closed at $3.14 on the previous day.
The company Insiders own 5.2% of Iteris shares according to the proxy statements. Institutional Investors own 20.43% of Iteris shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Iteris, Inc., Schmidt Andrew C, had purchased 10,000 shares in a transaction dated on September 4, 2015. The transaction was executed at $2.2 per share with total amount equaling $22,000.
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. The Transportation Systems segment includes transportation engineering and consulting services, and the development of transportation management and traveler information systems. The Performance Analytics segment includes ClearAg, its precision agriculture solution; iPeMS, its transportation performance measurement solution, which provides big data and software analytics solutions and ClearPath Weather, its road-maintenance application, which provides maintenance and treatment recommendation for road networks.