Shares of On Track Innovations Ltd (NASDAQ:OTIV) have earned an average broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. On Track Innovations’ rating score has declined by 50% in the last three months as a result of various analysts’ ratings changes.
Brokers have set a one year consensus price target of $2.00 for the company and are anticipating that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned On Track Innovations an industry rank of 165 out of 257 based on the ratings given to its competitors.
Separately, Taglich Brothers started coverage on shares of On Track Innovations in a research note on Thursday, October 25th. They issued a “speculative buy” rating for the company.
OTIV traded up $0.03 during trading hours on Monday, hitting $0.89. 100 shares of the company’s stock were exchanged, compared to its average volume of 69,791. On Track Innovations has a 1-year low of $0.81 and a 1-year high of $2.94. The stock has a market capitalization of $36.57 million, a price-to-earnings ratio of -22.00 and a beta of 1.59. The company has a current ratio of 1.54, a quick ratio of 1.28 and a debt-to-equity ratio of 0.04.
On Track Innovations (NASDAQ:OTIV) last announced its quarterly earnings results on Wednesday, August 8th. The technology company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $6.15 million during the quarter, compared to analysts’ expectations of $6.20 million. On Track Innovations had a negative net margin of 1.87% and a negative return on equity of 12.27%. As a group, research analysts predict that On Track Innovations will post -0.03 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in On Track Innovations stock. Essex Investment Management Co. LLC purchased a new stake in On Track Innovations Ltd (NASDAQ:OTIV) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 183,024 shares of the technology company’s stock, valued at approximately $214,000. Essex Investment Management Co. LLC owned about 0.44% of On Track Innovations at the end of the most recent reporting period. 3.09% of the stock is currently owned by hedge funds and other institutional investors.
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.
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