Alert: Major Price Advance (9/18/20)-Ituran Location and Control Ltd (NASDAQ: ITRN).

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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.

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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.

Rating Review

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.

About John Lafferty 84225 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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