On Track Innovations Ltd (NASDAQ:OTIV) has received an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. On Track Innovations’ rating score has declined by 50% from 90 days ago as a result of various analysts’ ratings changes.

Analysts have set a 1-year consensus target price of $2.00 for the company and are expecting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given On Track Innovations an industry rank of 120 out of 257 based on the ratings given to its competitors.

OTIV has been the subject of a number of recent research reports. TheStreet raised On Track Innovations from a “d+” rating to a “c-” rating in a research note on Thursday. Taglich Brothers initiated coverage on On Track Innovations in a research note on Thursday, October 25th. They set a “speculative buy” rating for the company.

A hedge fund recently bought a new stake in On Track Innovations stock. Essex Investment Management Co. LLC purchased a new position in shares of On Track Innovations Ltd (NASDAQ:OTIV) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 183,024 shares of the technology company’s stock, valued at approximately $214,000. Essex Investment Management Co. LLC owned approximately 0.44% of On Track Innovations at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.09% of the company’s stock.

On Track Innovations stock traded down $0.01 during mid-day trading on Monday, hitting $0.86. The company’s stock had a trading volume of 50,348 shares, compared to its average volume of 76,259. The company has a market cap of $35.51 million, a P/E ratio of -21.50 and a beta of 1.59. The company has a current ratio of 1.54, a quick ratio of 1.28 and a debt-to-equity ratio of 0.04. On Track Innovations has a 52-week low of $0.81 and a 52-week high of $2.94.

On Track Innovations (NASDAQ:OTIV) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $6.15 million during the quarter, compared to the consensus estimate of $6.20 million. On Track Innovations had a negative return on equity of 9.03% and a negative net margin of 5.90%. On average, equities analysts forecast that On Track Innovations will post -0.03 earnings per share for the current fiscal year.

About On Track Innovations

On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates through Retail and Mass Transit Ticketing; and Petroleum segments. The company offers OTI UNO, a single interface and contactless reader that support the major card associations' applications, as well as wallets such as Apple Pay, Google Pay, and Samsung Pay; OTI TRIO, a near-field communication and contactless reader, which offers three-in-one cashless payment card options comprising magnetic stripe (swipe), contact (chip), and contactless (tap); and OTI Interno, an original equipment manufacturer reader module with integrated antenna used for integration into mass transit validators and terminals.

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