On Track Innovations (NASDAQ:OTIV) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday.
Several other equities research analysts have also recently issued reports on OTIV. Zacks Investment Research raised shares of On Track Innovations from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Northland Securities reaffirmed a “buy” rating and issued a $2.50 price target on shares of On Track Innovations in a research report on Wednesday, October 4th. Finally, TheStreet cut shares of On Track Innovations from a “c-” rating to a “d+” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $2.38.
On Track Innovations (NASDAQ:OTIV) traded down $0.03 during trading on Tuesday, reaching $1.22. 1,586,000 shares of the company’s stock traded hands, compared to its average volume of 1,681,209. The stock has a market cap of $50.18, a PE ratio of -20.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.32 and a current ratio of 1.59. On Track Innovations has a 12 month low of $0.93 and a 12 month high of $2.94.
On Track Innovations (NASDAQ:OTIV) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. On Track Innovations had a negative net margin of 5.24% and a negative return on equity of 20.23%. research analysts predict that On Track Innovations will post -0.04 earnings per share for the current year.
A hedge fund recently bought a new stake in On Track Innovations stock. Geller Family Office Services LLC purchased a new position in On Track Innovations Ltd (NASDAQ:OTIV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 899,210 shares of the technology company’s stock, valued at approximately $1,232,000. On Track Innovations accounts for approximately 0.6% of Geller Family Office Services LLC’s investment portfolio, making the stock its 8th largest holding. Geller Family Office Services LLC owned about 2.19% of On Track Innovations at the end of the most recent quarter. Hedge funds and other institutional investors own 8.14% 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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