Zacks Investment Research Upgrades On Track Innovations (OTIV) to “Hold”
On Track Innovations (NASDAQ:OTIV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “On Track is a global leader in contactless microprocessor-based smart card systems. “
Other research analysts have also recently issued reports about the company. Northland Securities restated a “buy” rating and set a $2.50 target price on shares of On Track Innovations in a report on Wednesday, October 4th. TheStreet cut On Track Innovations from a “c-” rating to a “d+” rating in a report on Friday, November 10th. Finally, ValuEngine raised shares of On Track Innovations from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $2.38.
On Track Innovations (NASDAQ OTIV) opened at $1.45 on Thursday. On Track Innovations has a twelve month low of $0.93 and a twelve month high of $2.94. The company has a current ratio of 1.59, a quick ratio of 1.32 and a debt-to-equity ratio of 0.07.
An institutional investor recently bought a new position in On Track Innovations stock. Geller Family Office Services LLC purchased a new stake in shares of On Track Innovations Ltd (NASDAQ:OTIV) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 899,210 shares of the technology company’s stock, valued at approximately $1,232,000. On Track Innovations accounts for approximately 0.6% of Geller Family Office Services LLC’s holdings, making the stock its 8th biggest holding. Geller Family Office Services LLC owned about 2.19% of On Track Innovations at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.14% of the company’s stock.
On Track Innovations Company Profile
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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