Shares of On Track Innovations Ltd (NASDAQ:OTIV) were down 7.3% during mid-day trading on Tuesday . The company traded as low as $1.36 and last traded at $1.39. Approximately 1,889,322 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 2,082,937 shares. The stock had previously closed at $1.50.
A number of analysts recently issued reports on OTIV shares. ValuEngine raised On Track Innovations from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Zacks Investment Research downgraded On Track Innovations from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. TheStreet downgraded On Track Innovations from a “c-” rating to a “d+” rating in a research report on Friday, November 10th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $2.50 target price on shares of On Track Innovations in a research report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $2.38.
The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.32 and a current ratio of 1.59. The company has a market capitalization of $58.74, a PE ratio of -23.17 and a beta of 1.35.
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.
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