Boston, MA 03/26/2014 (wallstreetpr) – Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) gapped up to a new 52-week high at $25.47 on Tuesday, a day after it started trading ex-dividend. Shares of the company settled at $25.36 by closing bell, up 2.18 percent. The heavy volume trading day saw shares shifting hands between $25.05 and $25.47, having opened the session at $25.14. The $595.34 million market capped company announced 38 cents cash dividend payable April 10, capturing shareholders who acquired the stock before the ex-dividend date. The scheduled cash dividend signals more than 123 percent boost from the amount paid in the prior quarter. As concerns profitability indicator, the company has earnings per share of $1.13.
Integrated Silicon Solution, Inc. (NASDAQ:ISSI), a fables developer and marketer of integrated circuits was hitting on the positive side of things during trading Tuesday. Shares of the semiconductor company jumped 0.14 percent to settle at $14.21, on day which saw shares shifting hands at the range of $14.07 – $14.39. The lower-than-average volume session opened with shares trading at $14.29. The $423.72 million market capped company had its shares changing hands between $8.31 and $14.45 in the past 12-months.
The Marcus Corporation (NYSE:MCS) which recently announced expanding its adoption of customers service and transaction enhancing technology has been upgraded. Analysts at Zacks upped their rating on the stock from neutral to outperform in a research note published Tuesday. The analysts went ahead to plant target price of $17.20 for the stock. Looking at the previous closing price, the issued price target implies possible upside of 9.35 percent. When announcing the move to expand customer transaction enhancing technology, the management observed that they were witnessing growing orders and hoped that the technology, though cannot replace personal service, will effectively enhance the same. The company reported its last quarterly financial results on March 20, were its earnings per share came in at $0.15, strongly above $-0.01 estimated by analysts. Revenue in the quarter also breached expectations at $109.85 million against expected $98.19 million.
