Itron (ITRI) : Traders are bullish on Itron (ITRI) as it has outperformed the S&P 500 by a wide margin of 8.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.38%, 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 11.44% in the last 1 week, and is up 9.44% 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 11.4% and the 50-Day Moving Average is 11.21%. Itron (NASDAQ:ITRI): stock turned positive on Friday. Though the stock opened at $45.99, the bulls momentum made the stock top out at $48.71 level for the day. The stock recorded a low of $44.0001 and closed the trading day at $48.21, in the green by 10.35%. The total traded volume for the day was 733,887. The stock had closed at $43.69 in the previous days trading.
The company Insiders own 2.1% of Itron shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.26% . Institutional Investors own 99.83% of Itron shares. During last six month period, the net percent change held by insiders has seen a change of -10.26%.
Itron, Inc. (Itron) is a technology and service company, offering metering solutions to electric, natural gas, and water utilities around the world. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates in three segments: Electricity, which is the is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems; Gas, which is the supplier of gas metering solutions, including standard meters and advanced and smart metering systems, and Water, which is the supplier of standard and advanced water meters and communication modules. Its applications include residential and commercial industrial markets for water and heat. Its services include licensing meter data management and analytics software, managed services, software-as-service (hosted software), technical support services, licensing hardware technology and consulting services.