On Track Innovations Ltd (NASDAQ:OTIV) was downgraded by TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Friday, November 10th.

OTIV has been the topic of several other research reports. Zacks Investment Research raised On Track Innovations from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised On Track Innovations from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Northland Securities reaffirmed a “buy” rating and issued a $2.50 price target on shares of On Track Innovations in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. On Track Innovations has a consensus rating of “Hold” and a consensus price target of $2.38.

On Track Innovations (NASDAQ:OTIV) traded up $0.02 during trading hours on Friday, hitting $1.21. The company’s stock had a trading volume of 27,497 shares, compared to its average volume of 82,367. On Track Innovations has a 1 year low of $1.03 and a 1 year high of $2.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.32 and a current ratio of 1.59.

Several large investors have recently added to or reduced their stakes in OTIV. Geller Family Office Services LLC purchased a new stake in shares of On Track Innovations in the 3rd quarter valued at about $1,232,000. Sarbit Advisory Services Inc. raised its holdings in shares of On Track Innovations by 43.0% during the 2nd quarter. Sarbit Advisory Services Inc. now owns 1,309,402 shares of the technology company’s stock valued at $1,715,000 after buying an additional 394,051 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of On Track Innovations by 17.7% during the 1st quarter. Renaissance Technologies LLC now owns 819,300 shares of the technology company’s stock valued at $1,352,000 after buying an additional 123,500 shares in the last quarter. 6.05% of the stock is currently owned by hedge funds and other institutional investors.

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About On Track Innovations

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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