Shares of On Track Innovations Ltd (NASDAQ:OTIV) gapped up prior to trading on Wednesday . The stock had previously closed at $1.64, but opened at $1.86. On Track Innovations shares last traded at $1.87, with a volume of 9637657 shares traded.

A number of research firms recently weighed in on OTIV. ValuEngine raised shares of On Track Innovations from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered shares of On Track Innovations from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. TheStreet raised shares of On Track Innovations from a “d” rating to a “c-” rating in a research report on Wednesday, August 23rd. Finally, Northland Securities reaffirmed a “buy” rating and set a $2.50 target price on shares of On Track Innovations in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $2.38.

The company has a quick ratio of 1.32, a current ratio of 1.59 and a debt-to-equity ratio of 0.07.

Several large investors have recently modified their holdings of OTIV. Geller Family Office Services LLC purchased a new position in shares of On Track Innovations during the third quarter worth approximately $1,232,000. Renaissance Technologies LLC increased its position in shares of On Track Innovations by 17.7% during the first quarter. Renaissance Technologies LLC now owns 819,300 shares of the technology company’s stock worth $1,352,000 after acquiring an additional 123,500 shares during the period. Finally, Sarbit Advisory Services Inc. increased its position in shares of On Track Innovations by 43.0% during the second quarter. Sarbit Advisory Services Inc. now owns 1,309,402 shares of the technology company’s stock worth $1,715,000 after acquiring an additional 394,051 shares during the period. 8.14% of the stock is currently owned by institutional investors and hedge funds.

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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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