BidaskClub Lowers Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) to Strong Sell

BidaskClub cut shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) from a sell rating to a strong sell rating in a research report report published on Wednesday morning, BidAskClub reports.

ITRN has been the topic of several other research reports. Barclays set a $39.00 target price on Ituran Location and Control Ltd. (US) and gave the company 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.

NASDAQ ITRN opened at $26.79 on Wednesday. The stock has a market capitalization of $584.55 million, a price-to-earnings ratio of 11.36, a PEG ratio of 0.73 and a beta of 0.83. The stock’s 50 day moving average price is $29.36 and its two-hundred day moving average price is $32.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.55 and a current ratio of 1.83. Ituran Location and Control Ltd. has a 52 week low of $26.78 and a 52 week high of $38.50.

Several institutional investors have recently made changes to their positions in ITRN. Delek Group Ltd. raised its stake in shares of Ituran Location and Control Ltd. (US) by 73.2% during the 1st quarter. Delek Group Ltd. now owns 471,936 shares of the industrial products company’s stock worth $16,138,000 after purchasing an additional 199,523 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Ituran Location and Control Ltd. (US) by 43.9% during the 2nd quarter. Schroder Investment Management Group now owns 381,279 shares of the industrial products company’s stock worth $11,473,000 after purchasing an additional 116,300 shares in the last quarter. Morgan Stanley raised its stake in shares of Ituran Location and Control Ltd. (US) by 83.8% during the 2nd quarter. Morgan Stanley now owns 155,503 shares of the industrial products company’s stock worth $4,679,000 after purchasing an additional 70,890 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Ituran Location and Control Ltd. (US) by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,441,800 shares of the industrial products company’s stock worth $43,384,000 after purchasing an additional 58,100 shares in the last quarter. Finally, Royce & Associates LP bought a new stake in shares of Ituran Location and Control Ltd. (US) during the 1st quarter worth approximately $1,708,000. Institutional investors own 59.48% 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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