Ituran Location and Control (NASDAQ:ITRN) Shares Gap Up – Should You Buy?

Ituran Location and Control Ltd. (NASDAQ:ITRN)’s stock 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 traded.

Ituran Location and Control Stock Down 0.4 %

The company has a market cap of $825.83 million, a P/E ratio of 15.91 and a beta of 1.15. The business has a fifty day moving average price of $32.93 and a 200-day moving average price of $29.52.

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

Institutional Investors Weigh In On Ituran Location and Control

A number of large investors have recently added to or reduced their stakes in ITRN. Raymond James Financial Inc. acquired a new stake in Ituran Location and Control during the fourth quarter worth approximately $2,718,000. Alliancebernstein L.P. acquired a new stake in Ituran Location and Control during the fourth quarter worth approximately $2,329,000. Rice Hall James & Associates LLC grew its position in 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 worth $13,713,000 after buying an additional 72,656 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in 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 worth $8,553,000 after buying an additional 56,956 shares in the last quarter. Finally, Aristides Capital LLC grew its position 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 worth $7,264,000 after buying an additional 48,850 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Ituran Location and Control

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.