Large Outflow of Money Witnessed in Itron

Itron (ITRI): The stock had negative money flow to the tune of ($0.83 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $3.66 million, whereas, the outflow of money on downticks was $4.49 million and the ratio between the two was 0.81. The block trade had a negative net money flow of ($1.04 million). The total block trade value undertaken on upticks was $3.04 million. On the other hand, downticks amounted to $4.09 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.74. Itron (ITRI) closed with marginal gains of 77 cents to end the day at $55.7, an increase of 1.4% over the previous days close. The stock recorded 0.96% for the week.


Shares of Itron, Inc. rose by 1.76% in the last five trading days and 16.9% for the last 4 weeks. Itron, Inc. is up 34.3% in the last 3-month period. Year-to-Date the stock performance stands at 55.42%.

Itron (ITRI) : The consensus on Itron (ITRI) based on 5 analyst recommendation on the company stock is 2.2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Itron (NASDAQ:ITRI): The stock opened at $55.23 and touched an intraday high of $56.28 on Wednesday. During the day, the stock corrected to an intraday low of $54.9489, however, the bulls stepped in and pushed the price higher to close in the green at $56.23 with a gain of 2.37% for the day. The total traded volume for the day was 433,874. The stock had closed at $54.93 in the previous trading session.

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.

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