Ituran Location and Control Ltd (NASDAQ: ITRN). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Slight positive changes in Ituran Location and Control Ltd (NASDAQ: ITRN) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ITRN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Ituran Location has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ituran Location has a very low Appreciation Score of 13 but a good Power Rating of 81, leading to the Low Neutral Value Trend Rating.
Recent Price Action
On 1/3/24, Ituran Location and Control Ltd (NASDAQ: ITRN) stock declined modestly by -1.7%, closing at $26.66. However, this decline was accompanied by unusually low trading volume at 55% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.8% during the last week.
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