Ituran Location And Control Ltd [ITRN] stock is trading at $33.72, down -2.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ITRN shares have lost -9.16% over the last week, with a monthly amount drifted -14.63%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ituran Location And Control Ltd [NASDAQ: ITRN] stock has seen the most recent analyst activity on July 21, 2020, when Jefferies downgraded its rating to a Hold but kept the price target unchanged to $16 for it. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $35 on July 20, 2018. Chardan Capital Markets downgraded its rating to a Neutral but $36 remained the price target by the analyst firm on November 17, 2017. Chardan Capital Markets reiterated a Buy rating for this stock on March 01, 2017, and upped its price target to $31. In a note dated August 17, 2016, Chardan Capital Markets reiterated an Buy rating on this stock and boosted its target price from $25 to $29.
Ituran Location And Control Ltd [ITRN] stock has fluctuated between $25.86 and $45.43 over the past year. Ituran Location And Control Ltd [NASDAQ: ITRN] shares were valued at $33.72 at the most recent close of the market.
Analyzing the ITRN fundamentals
Ituran Location And Control Ltd [NASDAQ:ITRN] reported sales of 339.61M for the trailing twelve months, which represents a growth of 2.27%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.29 and Total Capital is 0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 33.30 points at the first support level, and at 32.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.24, and for the 2nd resistance point, it is at 34.77.
Ratios To Look Out For
For context, Ituran Location And Control Ltd’s Current Ratio is 2.25. As well, the Quick Ratio is 2.00, while the Cash Ratio is 0.9. Considering the valuation of this stock, the price to sales ratio is 1.98, the price to book ratio is 3.26 and price to earnings (TTM) ratio is 12.08.
