Ituran Location and Control Ltd (NASDAQ: ITRN) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Slight negative changes in fundamentals have recently occurred for Ituran Location and Control Ltd (NASDAQ: ITRN): the stock’s power rating fell below 50.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ITRN is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ituran Location has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ituran Location has a neutral Appreciation Score of 46 and a neutral Power Rating of 44, and the Low Neutral Value Trend Rating results.
Recent Price Action
On 11/4/24, Ituran Location and Control Ltd (NASDAQ: ITRN) stock declined modestly by -1.3%, closing at $26.53. Moreover, this decline was accompanied by unusually high trading volume at 156% of normal. The stock has performed in line with the market over the last nine months and has declined -3.6% during the last week.
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