Insider Buying: On Track Innovations Director Buys 20,358 Shares of Stock (OTIV)
On Track Innovations (NASDAQ:OTIV) Director Dilip Singh bought 20,358 shares of On Track Innovations stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average price of $2.52 per share, with a total value of $51,302.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Northland Securities cut their price target on shares of On Track Innovations from $5.25 to $3.50 in a research note on Thursday, May 15th. They now have an “outperform” rating on the stock.
Shares of On Track Innovations (NASDAQ:OTIV) traded up 0.78% on Thursday, hitting $2.57. The stock had a trading volume of 22,610 shares. On Track Innovations has a 52 week low of $1.10 and a 52 week high of $4.38. The stock has a 50-day moving average of $2.36 and a 200-day moving average of $2.88. The company’s market cap is $85.2 million.
On Track Innovations (NASDAQ:OTIV) last announced its earnings results on Wednesday, May 14th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.07) by $0.02. The company had revenue of $5.20 million for the quarter, compared to the consensus estimate of $5.20 million. The company’s quarterly revenue was up 44.4% on a year-over-year basis. On average, analysts predict that On Track Innovations will post $-0.27 earnings per share for the current fiscal year.
On Track Innovations Ltd. (NASDAQ:OTIV) designs, develops and markets secure contactless microprocessor-based smart card technology.
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