Ituran Location and Control Ltd (NASDAQ: ITRN) stock closed at $14.94 on 9/18/20 after a major increase of 11.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 1206% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 12.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ITRN is expected to continue to be a major Value Builder.
ITRN has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ITRN has a very high Appreciation Score of 86 but a poor Power Rating of 23, leading to the Positive Value Trend Rating.
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.