On Track Innovations Ltd (NASDAQ:OTIV) was downgraded by stock analysts at TheStreet from a “c-” rating to a “d+” rating in a report released on Friday.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of On Track Innovations from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine cut On Track Innovations from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Northland Securities set a $2.00 target price on On Track Innovations and gave the stock a “buy” rating in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. On Track Innovations presently has a consensus rating of “Hold” and a consensus target price of $2.38.
Shares of On Track Innovations (NASDAQ:OTIV) opened at $1.20 on Friday. On Track Innovations has a 52-week low of $1.01 and a 52-week high of $2.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.29 and a current ratio of 1.52.
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Several institutional investors and hedge funds have recently modified their holdings of OTIV. Geller Family Office Services LLC bought a new position in shares of On Track Innovations in the 3rd quarter worth $1,232,000. Renaissance Technologies LLC lifted its holdings in shares of On Track Innovations by 17.7% in the 1st quarter. Renaissance Technologies LLC now owns 819,300 shares of the technology company’s stock worth $1,352,000 after purchasing an additional 123,500 shares in the last quarter. Finally, Sarbit Advisory Services Inc. lifted its holdings in shares of On Track Innovations by 43.0% in the 2nd quarter. Sarbit Advisory Services Inc. now owns 1,309,402 shares of the technology company’s stock worth $1,715,000 after purchasing an additional 394,051 shares in the last quarter. Institutional investors own 6.06% 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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