On Track Innovations Ltd (NASDAQ:OTIV)’s share price traded down 7.3% during mid-day trading on Tuesday . The stock traded as low as $1.36 and last traded at $1.39. 1,889,322 shares changed hands during trading, a decline of 9% from the average session volume of 2,082,937 shares. The stock had previously closed at $1.50.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded On Track Innovations from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded On Track Innovations from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. TheStreet cut On Track Innovations from a “c-” rating to a “d+” rating in a research report on Friday, November 10th. Finally, Northland Securities reiterated a “buy” rating and set a $2.50 target price on shares of On Track Innovations in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. On Track Innovations currently has a consensus rating of “Buy” and an average target price of $2.38.

The company has a quick ratio of 1.32, a current ratio of 1.59 and a debt-to-equity ratio of 0.07. The company has a market cap of $58.82, a PE ratio of -23.83 and a beta of 1.35.

An institutional investor recently bought a new position in On Track Innovations stock. Geller Family Office Services LLC bought a new position in shares of On Track Innovations Ltd (NASDAQ:OTIV) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 899,210 shares of the technology company’s stock, valued at approximately $1,232,000. On Track Innovations accounts for about 0.6% of Geller Family Office Services LLC’s investment portfolio, making the stock its 8th largest position. Geller Family Office Services LLC owned approximately 2.19% of On Track Innovations at the end of the most recent reporting period. 8.14% of the stock is owned by institutional investors.

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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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