Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) saw an uptick in trading volume on Tuesday . 672,124 shares were traded during trading, an increase of 565% from the previous session's volume of 101,006 shares.The stock last traded at $41.20 and had previously closed at $35.58.
Ituran Location and Control Stock Down 0.4 %
The stock has a market cap of $825.83 million, a P/E ratio of 15.91 and a beta of 1.15. The firm has a 50 day moving average price of $32.93 and a 200 day moving average price of $29.52.
Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its earnings results on Thursday, November 21st. The industrial products company reported $0.69 earnings per share for the quarter. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Ituran Location and Control in the 4th quarter valued at $2,718,000. Alliancebernstein L.P. bought a new stake in shares of Ituran Location and Control in the fourth quarter worth about $2,329,000. Rice Hall James & Associates LLC increased its holdings in shares of Ituran Location and Control by 16.4% in the third quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company's stock worth $13,713,000 after purchasing an additional 72,656 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Ituran Location and Control by 26.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 274,562 shares of the industrial products company's stock worth $8,553,000 after buying an additional 56,956 shares in the last quarter. Finally, Aristides Capital LLC boosted its stake in Ituran Location and Control by 26.5% during the fourth quarter. Aristides Capital LLC now owns 233,190 shares of the industrial products company's stock valued at $7,264,000 after buying an additional 48,850 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.
Ituran Location and Control Company Profile
(
Get Free Report)
Ituran Location and Control Ltd., together with its subsidiaries, provides location based telematics services and machine-to-machine telematics products. It operates through two segments, Telematics Services and Telematics Products. The Telematics services segment offers stolen vehicle recovery and tracking services, which enables to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and locator services that allow customers to protect valuable merchandise and equipment.
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