On Track Innovations (OTIV) Trading Down 7.3%
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.
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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