E Daily Stock Pick: Ituran

This week, I'm looking for the sixth technology representative of six for my Ivy portfolio.

That technology sector has nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health, information technology and services, to internet, scientific instruments, software, solar, and all such techno-marvels.

Today I'm reviewing a small-cap communication equipment company named Ituran Location and Control Ltd. Their trading ticker symbol is ITRN. I last reported on this firm on August 16, 2018.

Ituran Location and Control Ltd is a provider of location-based services. The company operates in two segments namely, Telematics services, and Telematics products.

The Telematics services segment consists of regionally- based stolen vehicle recovery (SVR) services, fleet management services and value-added services comprised of personal advanced locater services and concierge services.

The Telematics product segment consists of short and medium range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification.

The equipment segment contributes to the majority of total revenue. As of December 31, 2018, ITRN served approximately 230,000 end-users through 40,000 corporate customers in Israel, Brazil, Argentina, Mexico, Ecuador, Colombia, and the United States.

The company was founded in 1994 and is headquartered in Azor, Israel.

I use three key data points to gauge dividend-paying equities or funds like Ituran Location and Control Ltd:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

ITRN Price

Ituran's price per share closed at $30.19 yesterday. A year ago its price was $29.80. Price rose $0.39 or 1.3% in the past year.

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