On Track Innovations Ltd (NASDAQ:OTIV) to Release Earnings on Wednesday
On Track Innovations Ltd (NASDAQ:OTIV) will release its earnings data before the market opens on Wednesday, August 9th. Analysts expect On Track Innovations to post earnings of ($0.01) per share for the quarter.
On Track Innovations (NASDAQ:OTIV) last posted its earnings results on Wednesday, May 10th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. On Track Innovations had a negative return on equity of 19.26% and a negative net margin of 4.08%. The business had revenue of $4.02 million during the quarter, compared to the consensus estimate of $5.08 million. On average, analysts expect On Track Innovations to post $-0.02 EPS for the current fiscal year and $0.03 EPS for the next fiscal year.
Shares of On Track Innovations Ltd (OTIV) opened at 1.49 on Wednesday. The stock has a 50 day moving average of $1.35 and a 200-day moving average of $1.52. The company’s market capitalization is $61.23 million. On Track Innovations Ltd has a 12-month low of $0.89 and a 12-month high of $2.09.
A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of On Track Innovations from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of On Track Innovations from a “strong sell” rating to a “hold” rating in a research report on Friday, May 5th. Northland Securities set a $2.00 target price on shares of On Track Innovations and gave the company a “buy” rating in a research report on Wednesday, July 19th. Finally, Lake Street Capital assumed coverage on shares of On Track Innovations in a research report on Wednesday, July 12th. They issued a “buy” rating and a $2.25 target price for the company.
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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