Ituran Location and Control Ltd. (ITRN): ITRN moving down?

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Ituran Location and Control Ltd. (NASDAQ:ITRN) changes shares on Tuesday trading session, with a change of -0.06% or -$0.01 shares. The trading starts at $17.40 and closed at $16.62 throughout the day. The trading session low price was $15.81 and day high was $18.19 on Tuesday, June 16. After the session, the Technology sector daily volume shifted to 0.12 million while its average volume is 82.45K. In other hand, the ITRN market cap reached to $377.21M. While, its current target price is $16.61 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -9.58% and up 16.15% for month. Its quarterly performance was 32.99% above, while its half year performance is down -29.62%. ITRN yearly performance stood at negative -46.95% and fall -33.90% for year-to-date. Current recommendation for Ituran Location and Control Ltd. is 1.30.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ITRN EPS (TTM) for 12-month is 0.24. EPS for this year is -88.60%, while for the next year its value is 1.44. Sales growth for the current quarter is 11.44 while its EPS Q/Q reached -19.00%. It has an EPS of -25.80% down for past five years and for the next five years will be up 6.00%.

Let’s take a look on the analyst recommendations on ITRN for the current month and previous month. For the current month, 2 of 2 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $18.00-$22.00. Average target price for ITRN was reached at $20.00.

Vulcan Value Partners, LLC, FMR, LLC and Gobi Capital LLC are the top three holders in Ituran Location and Control Ltd. (ITRN) stock. On Mar 30, 2020, Vulcan Value Partners, LLC has 2.15 million shares which valued 30.58 million. On Mar 30, 2020, FMR, LLC owned 2.02 million shares which valued at 28.75 million. On Mar 30, 2020, Gobi Capital LLC has a total of 1.47 million shares which valued at 20.88 million. In the end, Gobi Capital LLC have 6.26% shares outstanding of Ituran Location and Control Ltd. (ITRN) on Mar 30, 2020. The insider ownership moved to 28.50% and institutional holding shifted to 54.00%.

The company posted an EPS (TTM) of 0.24. According to the most recent quarter report on (Jun 2020), 2 analysts estimated an average EPS of 0.24, while 0.46 EPS posted a year ago period. Analyst Estimated EPS for ITRN published in the report was 0.22-0.26 during the same period. Comparing with last year, the average estimated EPS was 0.46 which is higher than 0.31 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ITRN fall -24.13% for period of 200 days. SMA for 50 days was 0.22% which is showing green signal, while SMA-20 was -4.50%. The moving average value for Ituran Location and Control Ltd. (ITRN) is 20.16 and 17.02 for 200 and 50 days respectively.