Ituran Location and Control Ltd (NASDAQ: ITRN) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism 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 D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ituran Location has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 38, triggering the Negative Value Trend Rating.
Recent Price Action
On 8/20/24, Ituran Location and Control Ltd (NASDAQ: ITRN) stock enjoyed a large increase of 2.6%, closing at $28.60. Moreover, exceptionally high trading volume at 239% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 10.5% during the last week.
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