On Track Innovations (OTIV) Shares Down 7.3%

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.

A hedge fund recently raised its stake in On Track Innovations stock. Sarbit Advisory Services Inc. lifted its stake in On Track Innovations Ltd (NASDAQ:OTIV) by 43.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,309,402 shares of the technology company’s stock after acquiring an additional 394,051 shares during the quarter. On Track Innovations makes up approximately 0.5% of Sarbit Advisory Services Inc.’s investment portfolio, making the stock its 9th largest position. Sarbit Advisory Services Inc. owned approximately 3.19% of On Track Innovations worth $1,715,000 as of its most recent SEC filing. Institutional investors own 8.14% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “On Track Innovations (OTIV) Shares Down 7.3%” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.com-unik.info/2018/01/10/on-track-innovations-otiv-shares-down-7-3.html.

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.

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit