ValuEngine Upgrades On Track Innovations Ltd (NASDAQ:OTIV) to “Hold”

On Track Innovations Ltd (NASDAQ:OTIV) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday, September 1st.

Several other analysts also recently commented on OTIV. Northland Securities set a $3.00 price objective on On Track Innovations and gave the stock a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded On Track Innovations from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. TheStreet raised On Track Innovations from a “d” rating to a “c-” rating in a research note on Wednesday, August 23rd. Finally, 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 target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $2.17.

On Track Innovations (NASDAQ:OTIV) traded down 3.03% during trading on Friday, hitting $1.28. The stock had a trading volume of 31,256 shares. The firm’s 50 day moving average is $1.28 and its 200 day moving average is $1.40. The firm’s market cap is $52.63 million. On Track Innovations has a 1-year low of $0.89 and a 1-year high of $2.09.

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An institutional investor recently raised its position in On Track Innovations stock. Renaissance Technologies LLC increased its holdings in shares of On Track Innovations Ltd (NASDAQ:OTIV) by 17.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 819,300 shares of the technology company’s stock after purchasing an additional 123,500 shares during the period. Renaissance Technologies LLC owned 1.99% of On Track Innovations worth $1,352,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 6.07% of the company’s stock.

On Track Innovations Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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