On Track Innovations Ltd (OTIV) Upgraded by ValuEngine to Hold
ValuEngine upgraded shares of On Track Innovations Ltd (NASDAQ:OTIV) from a sell rating to a hold rating in a research report sent to investors on Friday morning.
A number of other research analysts have also weighed in on the company. TheStreet raised On Track Innovations from a d rating to a c- rating in a report on Wednesday, August 23rd. Zacks Investment Research lowered On Track Innovations from a hold rating to a sell rating in a report on Wednesday, August 16th. Northland Securities set a $3.00 price objective on On Track Innovations and gave the company a buy rating in a report on Thursday, August 10th. Finally, Lake Street Capital assumed coverage on On Track Innovations in a report on Wednesday, July 12th. They issued a buy rating and a $2.25 price objective 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. On Track Innovations presently has a consensus rating of Hold and an average target price of $2.17.
On Track Innovations (NASDAQ OTIV) opened at 1.20 on Friday. The firm has a 50-day moving average price of $1.34 and a 200 day moving average price of $1.46. The stock’s market capitalization is $49.34 million. On Track Innovations has a 12 month low of $0.89 and a 12 month high of $2.09.
An institutional investor recently raised its position in On Track Innovations stock. Renaissance Technologies LLC boosted its holdings in shares of On Track Innovations Ltd (NASDAQ:OTIV) by 17.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 819,300 shares of the technology company’s stock after purchasing an additional 123,500 shares during the quarter. Renaissance Technologies LLC owned approximately 1.99% of On Track Innovations worth $1,352,000 at the end of the most recent reporting period. 6.07% of the stock is owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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