On Track Innovations Ltd (NASDAQ:OTIV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “On Track is a global leader in contactless microprocessor-based smart card systems. “
Several other equities analysts have also weighed in on the stock. Northland Securities restated a “buy” rating and issued a $2.50 price objective on shares of On Track Innovations in a report on Wednesday, October 4th. ValuEngine upgraded shares of On Track Innovations from a “sell” rating to a “hold” rating in a report on Friday, September 1st. TheStreet upgraded shares of On Track Innovations from a “d” rating to a “c-” rating in a report on Wednesday, August 23rd. Finally, Lake Street Capital began coverage on shares of On Track Innovations in a report on Wednesday, July 12th. They issued a “buy” rating and a $2.25 price objective on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $2.38.
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An institutional investor recently raised its position in On Track Innovations stock. Sarbit Advisory Services Inc. grew its position in On Track Innovations Ltd (NASDAQ:OTIV) by 43.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,309,402 shares of the technology company’s stock after purchasing an additional 394,051 shares during the period. On Track Innovations comprises about 0.5% of Sarbit Advisory Services Inc.’s portfolio, making the stock its 9th largest position. Sarbit Advisory Services Inc. owned approximately 3.19% of On Track Innovations worth $1,715,000 at the end of the most recent reporting period. 6.07% of the stock is owned by institutional investors.
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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