Brokerages Set $2.50 Target Price for On Track Innovations Ltd (OTIV)

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On Track Innovations Ltd (NASDAQ:OTIV) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price objective of $2.50 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given On Track Innovations an industry rank of 96 out of 255 based on the ratings given to its competitors.

NASDAQ OTIV opened at $0.93 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.28 and a current ratio of 1.54. On Track Innovations has a 52 week low of $0.86 and a 52 week high of $2.94.

On Track Innovations (NASDAQ:OTIV) last posted its quarterly earnings data on Wednesday, August 8th. The technology company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $6.15 million during the quarter, compared to analyst estimates of $6.20 million. On Track Innovations had a negative net margin of 1.87% and a negative return on equity of 12.27%. Analysts forecast that On Track Innovations will post -0.02 EPS for the current fiscal year.

A hedge fund recently bought a new stake in On Track Innovations stock. Essex Investment Management Co. LLC bought a new stake in shares of On Track Innovations Ltd (NASDAQ:OTIV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 183,024 shares of the technology company’s stock, valued at approximately $214,000. Essex Investment Management Co. LLC owned 0.44% of On Track Innovations at the end of the most recent quarter. 3.14% of the stock is owned by institutional investors and hedge funds.

About On Track Innovations

On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates through Retail and Mass Transit Ticketing; and Petroleum segments. The company offers OTI UNO, a single interface and contactless reader that support the major card associations' applications, as well as wallets such as Apple Pay, Google Pay, and Samsung Pay; OTI TRIO, a near-field communication and contactless reader, which offers three-in-one cashless payment card options comprising magnetic stripe (swipe), contact (chip), and contactless (tap); and OTI Interno, an original equipment manufacturer reader module with integrated antenna used for integration into mass transit validators and terminals.

Further Reading: Price to Earnings Ratio (PE) Basics

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