ValuEngine downgraded shares of On Track Innovations Ltd (NASDAQ:OTIV) from a hold rating to a sell rating in a research report released on Tuesday.

A number of other equities analysts have also weighed in on the company. Northland Securities set a $2.00 target price on On Track Innovations and gave the stock a buy rating in a research report on Wednesday, July 19th. Lake Street Capital assumed coverage on On Track Innovations in a research report on Wednesday, July 12th. They set a buy rating and a $2.25 target price on the stock. Finally, Zacks Investment Research raised On Track Innovations from a sell rating to a hold rating in a research report on Wednesday, May 24th.

On Track Innovations (NASDAQ:OTIV) traded down 2.03% during mid-day trading on Tuesday, hitting $1.45. 31,529 shares of the stock were exchanged. The company’s market capitalization is $59.59 million. The stock has a 50 day moving average price of $1.34 and a 200 day moving average price of $1.52. On Track Innovations has a 1-year low of $0.90 and a 1-year high of $2.09.

On Track Innovations (NASDAQ:OTIV) last issued its earnings results on Wednesday, May 10th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. On Track Innovations had a negative return on equity of 19.26% and a negative net margin of 4.08%. The firm had revenue of $4.02 million for the quarter, compared to analyst estimates of $5.08 million. On average, equities analysts anticipate that On Track Innovations will post ($0.02) earnings per share for the current fiscal year.

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A hedge fund recently raised its stake in On Track Innovations stock. Renaissance Technologies LLC increased its position in shares of On Track Innovations Ltd (NASDAQ:OTIV) by 135.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 695,800 shares of the technology company’s stock after buying an additional 400,900 shares during the period. Renaissance Technologies LLC owned approximately 1.70% of On Track Innovations worth $1,211,000 at the end of the most recent quarter. 5.55% of the stock is owned by hedge funds and other institutional investors.

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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