On Track Innovations (OTIV) Getting Somewhat Favorable Press Coverage, Analysis Shows
Media coverage about On Track Innovations (NASDAQ:OTIV) has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. On Track Innovations earned a media sentiment score of 0.82 on their scale. InfoTrie also gave media coverage about the technology company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted On Track Innovations’ ranking:
- On Track Innovations (OTIV) Receives Additional Purchase Order for More Than 3,000 Advanced Systems in Russia (streetinsider.com)
- Financial Survey: On Track Innovations (OTIV) and Acacia Communications (ACIA) (americanbankingnews.com)
- Somewhat Favorable News Coverage Extremely Likely to Affect On Track Innovations (OTIV) Share Price (americanbankingnews.com)
- BRIEF-On Track Innovations Receives Additional Purchase Order for More Than 3,000 Advanced Systems in Russia (msn.com)
A number of brokerages recently commented on OTIV. TheStreet upgraded shares of On Track Innovations from a “d+” rating to a “c-” rating in a research note on Thursday, November 8th. Taglich Brothers began coverage on shares of On Track Innovations in a research note on Thursday, October 25th. They set a “speculative buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. On Track Innovations has an average rating of “Hold” and an average target price of $2.00.
In other On Track Innovations news, CEO Shlomi Cohen sold 54,938 shares of the company’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $0.73, for a total value of $40,104.74. Following the completion of the transaction, the chief executive officer now owns 52,984 shares in the company, valued at $38,678.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.
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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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