On Track Innovations Ltd. (NASDAQ:OTIV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “On Track is a global leader in contactless microprocessor-based smart card systems. “
Shares of On Track Innovations (NASDAQ:OTIV) opened at 0.9151 on Wednesday. On Track Innovations has a 52 week low of $0.32 and a 52 week high of $1.38. The stock’s market cap is $37.43 million. The firm has a 50-day moving average price of $1.01 and a 200-day moving average price of $1.02.
On Track Innovations (NASDAQ:OTIV) last released its quarterly earnings results on Wednesday, August 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. On Track Innovations had a negative net margin of 15.02% and a negative return on equity of 39.89%. The business had revenue of $5.10 million for the quarter, compared to analyst estimates of $4.39 million. On average, equities analysts anticipate that On Track Innovations will post ($0.07) earnings per share for the current year.
An institutional investor recently raised its position in On Track Innovations stock. Renaissance Technologies LLC increased its stake in On Track Innovations Ltd. (NASDAQ:OTIV) by 49.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,600 shares of the company’s stock after buying an additional 70,200 shares during the period. Renaissance Technologies LLC owned about 0.52% of On Track Innovations worth $206,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.28% of the company’s stock.
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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