On Track Innovations Director Dilip Singh Purchases 3,970 Shares (OTIV)
On Track Innovations (NASDAQ:OTIV) Director Dilip Singh purchased 3,970 shares of the stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of $2.55 per share, for a total transaction of $10,123.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of On Track Innovations (NASDAQ:OTIV) traded up 0.74% on Monday, hitting $2.71. 133,527 shares of the company’s stock traded hands. On Track Innovations has a one year low of $1.10 and a one year high of $4.38. The stock’s 50-day moving average is $2.37 and its 200-day moving average is $2.88. The company’s market cap is $89.8 million.
On Track Innovations (NASDAQ:OTIV) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the 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 revenue for the quarter was up 44.4% on a year-over-year basis. Analysts expect that On Track Innovations will post $-0.27 EPS for the current fiscal year.
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.
On Track Innovations Ltd. (NASDAQ:OTIV) designs, develops and markets secure contactless microprocessor-based smart card technology.
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