On Track Innovations Ltd (OTIV) CEO Acquires $20,449.00 in Stock
On Track Innovations Ltd (NASDAQ:OTIV) CEO Shlomi Cohen acquired 14,300 shares of On Track Innovations stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of $1.43 per share, with a total value of $20,449.00. Following the purchase, the chief executive officer now directly owns 42,693 shares in the company, valued at $61,050.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
On Track Innovations Ltd (NASDAQ:OTIV) opened at 1.40 on Thursday. The firm has a 50-day moving average price of $1.53 and a 200-day moving average price of $1.48. The company’s market cap is $57.51 million. On Track Innovations Ltd has a 52 week low of $0.83 and a 52 week high of $2.09.
On Track Innovations (NASDAQ:OTIV) last posted its quarterly earnings results on Wednesday, May 10th. The technology company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. On Track Innovations had a negative return on equity of 19.70% and a negative net margin of 4.60%. The business had revenue of $4.02 million during the quarter, compared to analysts’ expectations of $5.08 million. Equities research analysts anticipate that On Track Innovations Ltd will post ($0.02) EPS for the current fiscal year.
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An institutional investor recently raised its position in On Track Innovations stock. Renaissance Technologies LLC raised its stake in On Track Innovations Ltd (NASDAQ:OTIV) by 17.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 819,300 shares of the technology company’s stock after buying an additional 123,500 shares during the period. Renaissance Technologies LLC owned about 1.99% of On Track Innovations worth $1,352,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.38% of the company’s stock.
Separately, Zacks Investment Research downgraded On Track Innovations from a “hold” rating to a “strong sell” rating in a research note on Tuesday.
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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