Ituran Location and Control (NASDAQ:ITRN) Shares Up 8.1% – What’s Next?

Ituran Location and Control Ltd. (NASDAQ:ITRN)’s stock price rose 8.1% during mid-day trading on Thursday . The company traded as high as $29.47 and last traded at $29.47. Approximately 41,710 shares traded hands during trading, a decline of 27% from the average daily volume of 57,475 shares. The stock had previously closed at $27.26.

Ituran Location and Control Stock Up 4.5 %

The stock has a market capitalization of $566.87 million, a P/E ratio of 10.69 and a beta of 1.14. The firm’s 50-day simple moving average is $27.01 and its 200 day simple moving average is $26.73.

Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Monday, August 19th. The industrial products company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $84.87 million during the quarter. Ituran Location and Control had a net margin of 15.42% and a return on equity of 28.43%.

Institutional Investors Weigh In On Ituran Location and Control

A number of institutional investors and hedge funds have recently modified their holdings of ITRN. Barclays PLC raised its position in shares of Ituran Location and Control by 132.1% during the third quarter. Barclays PLC now owns 7,731 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 4,400 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Ituran Location and Control during the 3rd quarter worth about $137,000. XTX Topco Ltd lifted its stake in Ituran Location and Control by 145.0% during the third quarter. XTX Topco Ltd now owns 20,150 shares of the industrial products company’s stock valued at $535,000 after buying an additional 11,927 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Ituran Location and Control in the third quarter worth about $767,000. Finally, Walleye Capital LLC increased its position in shares of Ituran Location and Control by 184.5% in the third quarter. Walleye Capital LLC now owns 27,498 shares of the industrial products company’s stock worth $730,000 after acquiring an additional 17,834 shares in the last quarter. Institutional investors and hedge funds 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.