Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) Raised to “Sell” at BidaskClub

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BidaskClub upgraded shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) from a strong sell rating to a sell rating in a report released on Saturday, BidAskClub reports.

A number of other research analysts have also recently commented on ITRN. Barclays set a $39.00 price target on Ituran Location and Control Ltd. (US) and gave the stock a buy rating in a research note on Thursday, May 23rd. Zacks Investment Research cut Ituran Location and Control Ltd. (US) from a hold rating to a sell rating in a research note on Thursday, May 23rd.

ITRN opened at $28.57 on Friday. Ituran Location and Control Ltd. has a one year low of $28.54 and a one year high of $38.50. The firm has a market capitalization of $627.67 million, a PE ratio of 11.66, a PEG ratio of 0.79 and a beta of 0.83. The firm has a 50 day simple moving average of $30.31. The company has a quick ratio of 1.55, a current ratio of 1.83 and a debt-to-equity ratio of 0.40.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last released its quarterly earnings data on Tuesday, May 21st. The industrial products company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.17). Ituran Location and Control Ltd. (US) had a net margin of 23.24% and a return on equity of 32.82%. The business had revenue of $73.60 million during the quarter, compared to analyst estimates of $86.76 million. As a group, equities analysts predict that Ituran Location and Control Ltd. will post 2.33 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its position in shares of Ituran Location and Control Ltd. (US) by 58.8% during the fourth quarter. Legal & General Group Plc now owns 929 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 344 shares during the period. Bank of America Corp DE increased its position in shares of Ituran Location and Control Ltd. (US) by 16.5% during the fourth quarter. Bank of America Corp DE now owns 3,376 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 477 shares during the period. Campbell & CO Investment Adviser LLC increased its position in shares of Ituran Location and Control Ltd. (US) by 51.7% during the first quarter. Campbell & CO Investment Adviser LLC now owns 12,757 shares of the industrial products company’s stock worth $436,000 after acquiring an additional 4,347 shares during the period. Menta Capital LLC purchased a new stake in shares of Ituran Location and Control Ltd. (US) during the first quarter worth $691,000. Finally, Summit Global Investments increased its position in shares of Ituran Location and Control Ltd. (US) by 7.1% during the first quarter. Summit Global Investments now owns 22,500 shares of the industrial products company’s stock worth $768,000 after acquiring an additional 1,500 shares during the period. Institutional investors own 61.06% of the company’s stock.

Ituran Location and Control Ltd. (US) Company Profile

Ituran Location and Control Ltd., together with its subsidiaries, provides location-based services and wireless communications products in Israel, Brazil, Argentina, and the United States. The company's Location-Based Services segment provides stolen vehicle recovery and tracking services, which locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and personal locator services that allow customers to protect valuable merchandise and equipment.

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