On Track Innovations Ltd (OTIV) Given a $3.00 Price Target at Northland Securities
Northland Securities set a $3.00 price target on On Track Innovations Ltd (NASDAQ:OTIV) in a research note released on Thursday. The brokerage currently has a buy rating on the technology company’s stock.
Several other research analysts also recently issued reports on OTIV. ValuEngine downgraded shares of On Track Innovations from a hold rating to a sell rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of On Track Innovations from a sell rating to a hold rating in a research report on Wednesday, May 24th. Finally, Lake Street Capital assumed coverage on shares of On Track Innovations in a research report on Wednesday, July 12th. They set a buy rating and a $2.25 price objective on the stock.
On Track Innovations (OTIV) traded up 4.00% during midday trading on Thursday, reaching $1.30. 6,915 shares of the company’s stock traded hands. The company’s market capitalization is $53.42 million. The firm’s 50 day moving average price is $1.37 and its 200-day moving average price is $1.51. 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. Sarbit Advisory Services Inc. boosted its stake in shares of On Track Innovations Ltd (NASDAQ:OTIV) by 43.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,309,402 shares of the technology company’s stock after buying an additional 394,051 shares during the period. On Track Innovations comprises about 0.5% of Sarbit Advisory Services Inc.’s portfolio, making the stock its 9th largest position. Sarbit Advisory Services Inc. owned about 3.19% of On Track Innovations worth $1,715,000 as of its most recent SEC filing. Institutional investors own 5.55% 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.
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