Shares of On Track Innovations Ltd (NASDAQ:OTIV) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus target price of $2.50 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned On Track Innovations an industry rank of 103 out of 255 based on the ratings given to related companies.

A hedge fund recently bought a new stake in On Track Innovations stock. Essex Investment Management Co. LLC bought a new position in shares of On Track Innovations Ltd (NASDAQ:OTIV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 183,024 shares of the technology company’s stock, valued at approximately $214,000. Essex Investment Management Co. LLC owned 0.44% of On Track Innovations at the end of the most recent reporting period. 3.14% of the stock is owned by institutional investors.

Shares of On Track Innovations stock opened at $0.97 on Wednesday. The company has a market cap of $40.06 million, a P/E ratio of -24.25 and a beta of 1.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.28 and a current ratio of 1.54. On Track Innovations has a 1 year low of $0.88 and a 1 year high of $2.94.

On Track Innovations (NASDAQ:OTIV) last announced its quarterly earnings results on Wednesday, August 8th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $6.15 million for the quarter, compared to analyst estimates of $6.20 million. On Track Innovations had a negative net margin of 1.87% and a negative return on equity of 12.27%. equities research analysts forecast that On Track Innovations will post -0.02 EPS for the current year.

About On Track Innovations

On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates through Retail and Mass Transit Ticketing; and Petroleum segments. The company offers OTI UNO, a single interface and contactless reader that support the major card associations' applications, as well as wallets such as Apple Pay, Google Pay, and Samsung Pay; OTI TRIO, a near-field communication and contactless reader, which offers three-in-one cashless payment card options comprising magnetic stripe (swipe), contact (chip), and contactless (tap); and OTI Interno, an original equipment manufacturer reader module with integrated antenna used for integration into mass transit validators and terminals.

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