Ituran Location and Control Ltd. (NASDAQ:ITRN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Ituran provides location-based services, consisting predominantly of stolen vehicle recovery and tracking services, as well as wireless communications products used in connection with its location-based services and various other applications. Ituran offers mobile asset location, Stolen Vehicle Recovery, management & control services for vehicles, cargo and personal security, and radio frequency identification products for various purposes including automatic meter reading, electronic toll collection and homeland security applications. “

Separately, BidaskClub upgraded shares of Ituran Location and Control from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th.

Ituran Location and Control (NASDAQ ITRN) traded down 0.99% during midday trading on Tuesday, reaching $30.10. The company’s stock had a trading volume of 18,691 shares. Ituran Location and Control has a one year low of $23.73 and a one year high of $36.95. The stock’s 50 day moving average price is $31.07 and its 200-day moving average price is $30.20. The stock has a market cap of $631.14 million, a price-to-earnings ratio of 16.63 and a beta of 0.80.

Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings data on Wednesday, May 17th. The industrial products company reported $0.62 earnings per share 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, analysts forecast that Ituran Location and Control will post $1.74 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Global Advisors LLC increased its position in shares of Ituran Location and Control by 14.3% in the second quarter. Eagle Global Advisors LLC now owns 27,896 shares of the industrial products company’s stock worth $873,000 after buying an additional 3,500 shares during the period. Analyst IMS Investment Management Services Ltd. increased its position in shares of Ituran Location and Control by 6.1% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 656,662 shares of the industrial products company’s stock worth $20,553,000 after buying an additional 37,877 shares during the period. Rice Hall James & Associates LLC increased its position in shares of Ituran Location and Control by 23.0% in the second quarter. Rice Hall James & Associates LLC now owns 134,755 shares of the industrial products company’s stock worth $4,218,000 after buying an additional 25,194 shares during the period. Finally, Sei Investments Co. purchased a new position in shares of Ituran Location and Control during the second quarter worth $754,000. Institutional investors and hedge funds own 52.18% of the company’s stock.

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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