Ituran Location and Control (NASDAQ:ITRN) Shares Gap Up - Still a Buy?

Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $41.42, but opened at $43.22. Ituran Location and Control shares last traded at $42.12, with a volume of 219,074 shares changing hands.

Ituran Location and Control Price Performance

The stock has a 50-day moving average price of $32.93 and a two-hundred day moving average price of $29.52. The stock has a market cap of $825.83 million, a PE ratio of 15.91 and a beta of 1.15.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $0.69 EPS for the quarter. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%.

Institutional Trading of Ituran Location and Control

Several institutional investors have recently added to or reduced their stakes in ITRN. Raymond James Financial Inc. bought a new stake in Ituran Location and Control in the fourth quarter worth about $2,718,000. Alliancebernstein L.P. bought a new stake in shares of Ituran Location and Control during the fourth quarter valued at approximately $2,329,000. Rice Hall James & Associates LLC raised its stake in shares of Ituran Location and Control by 16.4% during the third quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company's stock valued at $13,713,000 after acquiring an additional 72,656 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Ituran Location and Control by 26.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 274,562 shares of the industrial products company's stock valued at $8,553,000 after acquiring an additional 56,956 shares in the last quarter. Finally, Aristides Capital LLC raised its stake in shares of 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 acquiring an additional 48,850 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Ituran Location and Control Company Profile

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.