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Is Ituran Location and Control Ltd. (ITRN) A Good Stock To Buy Now?

Is ITRN a good stock to buy? We came across a bullish thesis on Ituran Location and Control Ltd. on InfoArb Sheets’s Substack. In this article, we will summarize the bulls’ thesis on ITRN. Ituran Location and Control Ltd.'s share was trading at $55.97 as of April 17th. ITRN’s trailing P/E was 19.15 according to Yahoo Finance.

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Ituran Location and Control Ltd., together with its subsidiaries, provides location-based telematics services and machine-to-machine telematics...