BidaskClub Upgrades Ituran Location and Control Ltd. (ITRN) to Buy
Ituran Location and Control Ltd. (NASDAQ:ITRN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.
Separately, Zacks Investment Research downgraded shares of Ituran Location and Control from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th.
Ituran Location and Control (ITRN) traded up 1.11% on Friday, reaching $31.75. 20,880 shares of the company traded hands. The stock has a 50-day moving average of $31.89 and a 200 day moving average of $29.46. Ituran Location and Control has a 52-week low of $20.14 and a 52-week high of $36.95. The company has a market capitalization of $665.73 million, a PE ratio of 17.54 and a beta of 0.81.
Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings data on Wednesday, May 17th. The industrial products company reported $0.62 EPS for the quarter. The business had revenue of $57.11 million during the quarter. Ituran Location and Control had a net margin of 18.15% and a return on equity of 35.51%. On average, equities analysts forecast that Ituran Location and Control will post $1.74 EPS for the current year.
The firm also recently declared a special dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Tuesday, June 27th will be paid a dividend of $0.24 per share. This represents a dividend yield of 5.13%. The ex-dividend date is Friday, June 23rd. Ituran Location and Control’s payout ratio is currently 53.04%.
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About Ituran Location and Control
Ituran Location and Control Ltd. is a provider of location-based services, consisting of stolen vehicle recovery (SVR), fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications.
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