ValuEngine cut shares of On Track Innovations (NASDAQ:OTIV) from a hold rating to a sell rating in a report published on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of On Track Innovations from a sell rating to a hold rating in a research report on Tuesday, June 18th.

Shares of OTIV traded up $0.01 during mid-day trading on Tuesday, hitting $0.34. 5,001 shares of the company’s stock were exchanged, compared to its average volume of 50,319. The company has a market cap of $13.59 million, a price-to-earnings ratio of -6.74 and a beta of 1.04. On Track Innovations has a fifty-two week low of $0.30 and a fifty-two week high of $1.01. The stock’s 50-day moving average is $0.35 and its 200-day moving average is $0.51.

On Track Innovations (NASDAQ:OTIV) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $4.12 million for the quarter, compared to analyst estimates of $5.20 million. On Track Innovations had a negative return on equity of 31.14% and a negative net margin of 12.66%. As a group, research analysts predict that On Track Innovations will post -0.02 EPS for the current fiscal year.

About On Track Innovations

On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates in two segments, Retail and Mass Transit Ticketing; and Petroleum. 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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