Insider Buying: On Track Innovations Director Purchases 3,970 Shares of Stock (OTIV)
On Track Innovations (NASDAQ:OTIV) Director Dilip Singh bought 3,970 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of $2.55 per share, with a total value of $10,123.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of On Track Innovations (NASDAQ:OTIV) opened at 2.77 on Wednesday. On Track Innovations has a one year low of $1.18 and a one year high of $4.38. The stock has a 50-day moving average of $2.39 and a 200-day moving average of $2.87. The company’s market cap is $91.8 million.
On Track Innovations (NASDAQ:OTIV) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ 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. On Track Innovations’s revenue was up 44.4% compared to the same quarter last year. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.