On Track Innovations Ltd (NASDAQ:OTIV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “On Track is a global leader in contactless microprocessor-based smart card systems. “

A number of other analysts have also issued reports on OTIV. Northland Securities set a $3.00 price target on shares of On Track Innovations and gave the stock a “buy” rating in a research note on Thursday, August 10th. TheStreet upgraded shares of On Track Innovations from a “d” rating to a “c-” rating in a research note on Wednesday, August 23rd. ValuEngine lowered shares of On Track Innovations from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Lake Street Capital assumed coverage on shares of On Track Innovations in a research note on Wednesday, July 12th. They set a “buy” rating and a $2.25 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $2.38.

On Track Innovations (NASDAQ OTIV) opened at 1.48 on Wednesday. The firm’s 50-day moving average is $1.28 and its 200-day moving average is $1.38. The stock’s market cap is $60.86 million. On Track Innovations has a 52-week low of $0.89 and a 52-week high of $2.09.

TRADEMARK VIOLATION WARNING: “On Track Innovations Ltd (OTIV) Stock Rating Lowered by Zacks Investment Research” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.thecerbatgem.com/2017/10/06/on-track-innovations-ltd-otiv-stock-rating-lowered-by-zacks-investment-research.html.

A hedge fund recently raised its stake in On Track Innovations stock. Sarbit Advisory Services Inc. grew its position in On Track Innovations Ltd (NASDAQ:OTIV) by 43.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,309,402 shares of the technology company’s stock after acquiring an additional 394,051 shares during the quarter. On Track Innovations comprises approximately 0.5% of Sarbit Advisory Services Inc.’s portfolio, making the stock its 9th biggest position. Sarbit Advisory Services Inc. owned approximately 3.19% of On Track Innovations worth $1,715,000 at the end of the most recent quarter. Institutional investors own 6.07% 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.

Receive News & Stock Ratings for On Track Innovations Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Track Innovations Ltd and related stocks with our FREE daily email newsletter.