Ituran Location and Control (NASDAQ:ITRN) Sets New 52-Week High – Time to Buy?

Ituran Location and Control Ltd. (NASDAQ:ITRN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.83 and last traded at $41.90, with a volume of 1086725 shares. The stock had previously closed at $41.42.

Ituran Location and Control Trading Up 1.2 %

The firm has a 50 day simple moving average of $32.72 and a two-hundred day simple moving average of $29.44. The company has a market capitalization of $833.39 million, a PE ratio of 16.05 and a beta of 1.15.

Ituran Location and Control (NASDAQ:ITRN) last announced 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 net margin of 15.65% and a return on equity of 28.31%.

Institutional Investors Weigh In On Ituran Location and Control

A number of hedge funds have recently added to or reduced their stakes in ITRN. Blue Trust Inc. raised its stake in shares of Ituran Location and Control by 63.4% during the 3rd quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock worth $38,000 after buying an additional 598 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Ituran Location and Control in the third quarter valued at $50,000. R Squared Ltd acquired a new stake in Ituran Location and Control in the fourth quarter valued at $117,000. Van ECK Associates Corp grew its stake in shares of Ituran Location and Control by 11.3% during the 4th quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 392 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Ituran Location and Control in the 3rd quarter valued at about $137,000. 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.