On Track Innovations Ltd (NASDAQ:OTIV) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, July 25th.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut On Track Innovations from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 16th. Lake Street Capital assumed coverage on On Track Innovations in a research note on Wednesday, July 12th. They issued a “buy” rating and a $2.25 price objective for the company. Finally, Northland Securities set a $2.00 price objective on On Track Innovations and gave the company a “buy” rating in a research note on Wednesday, July 19th.
On Track Innovations (NASDAQ:OTIV) traded down 0.77% during trading on Tuesday, hitting $1.29. 49,101 shares of the company were exchanged. On Track Innovations has a 1-year low of $0.90 and a 1-year high of $2.09. The stock’s market capitalization is $53.01 million. The firm’s 50 day moving average price is $1.36 and its 200-day moving average price is $1.51.
On Track Innovations (NASDAQ:OTIV) last issued its quarterly earnings data on Wednesday, May 10th. The technology company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. On Track Innovations had a negative net margin of 4.08% and a negative return on equity of 19.26%. The firm had revenue of $4.02 million during the quarter, compared to analysts’ expectations of $5.08 million. Equities analysts predict that On Track Innovations will post ($0.02) EPS for the current year.
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A hedge fund recently raised its stake in On Track Innovations stock. Renaissance Technologies LLC increased its position in shares of On Track Innovations Ltd (NASDAQ:OTIV) by 135.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 695,800 shares of the technology company’s stock after buying an additional 400,900 shares during the period. Renaissance Technologies LLC owned about 1.70% of On Track Innovations worth $1,211,000 as of its most recent SEC filing. Institutional investors own 5.55% of the company’s stock.
About On Track Innovations
On Track Innovations Ltd. is a developer of cashless payment solutions. The Company’s segments include Retail and Mass Transit, Petroleum, Parking and Other. The Company offers solutions for banking, mobile network operators, vending, mass transit, petroleum and parking. The Company provides its customers with training and installation support, customer service and technical support.
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