On Thursday, Shares of Iteris (NASDAQ: ITI) gained 0.23% to $4.31. The stock grabbed the investor’s attention and traded 10,974 shares as compared to its average daily volume of 111.87K shares. The stock’s institutional ownership stands at 37.30%.
Iteris Inc. (ITI) stated a fiscal third-quarter loss of $2.50M, after reporting a profit in the same period a year earlier. The Santa Ana, California-based company said it had a loss of 7 cents per share. Losses, adjusted for non-recurring costs, were 4 cents per share.
The vehicle detection and traffic Control Company posted revenue of $23.10M in the period.
ITI has a market value of $142.42M while its EPS was booked as $-0.12 in the last 12 months. The stock has 33.12M shares outstanding. In the profitability analysis, the company has gross profit margin of 39.40% while net profit margin was -7.90%. Beta value of the company was 0.60; beta is used to measure riskiness of the security.
