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

Several other research firms have also issued reports on ITRN. Barclays set a $39.00 target price on Ituran Location and Control Ltd. (US) and gave the stock a buy rating in a report on Thursday, May 23rd. Zacks Investment Research lowered Ituran Location and Control Ltd. (US) from a hold rating to a sell rating in a report on Thursday, May 23rd.

Shares of NASDAQ ITRN opened at $26.79 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.55. The stock’s fifty day moving average price is $29.36 and its two-hundred day moving average price is $32.86. Ituran Location and Control Ltd. has a one year low of $26.78 and a one year high of $38.50. The firm has a market cap of $584.55 million, a price-to-earnings ratio of 11.36, a P/E/G ratio of 0.73 and a beta of 0.83.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Global Investments grew its stake in Ituran Location and Control Ltd. (US) by 4.4% during the second quarter. Summit Global Investments now owns 23,500 shares of the industrial products company’s stock worth $707,000 after purchasing an additional 1,000 shares during the period. Citadel Advisors LLC grew its stake in Ituran Location and Control Ltd. (US) by 97.2% during the second quarter. Citadel Advisors LLC now owns 32,789 shares of the industrial products company’s stock worth $987,000 after purchasing an additional 16,158 shares during the period. D. E. Shaw & Co. Inc. grew its stake in Ituran Location and Control Ltd. (US) by 10.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 10,303 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 955 shares during the period. Marshall Wace LLP acquired a new stake in Ituran Location and Control Ltd. (US) in the second quarter valued at approximately $927,000. Finally, Morgan Stanley grew its stake in Ituran Location and Control Ltd. (US) by 83.8% in the second quarter. Morgan Stanley now owns 155,503 shares of the industrial products company’s stock valued at $4,679,000 after acquiring an additional 70,890 shares during the period. 59.48% of the stock is currently owned by institutional investors.

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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