Shares of On Track Innovations Ltd (NASDAQ:OTIV) have been given a consensus broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. On Track Innovations’ rating score has declined by 50% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a 12 month consensus price objective of $2.25 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given On Track Innovations an industry rank of 70 out of 257 based on the ratings given to related companies.
A number of analysts have recently weighed in on OTIV shares. Taglich Brothers started coverage on shares of On Track Innovations in a research note on Thursday, October 25th. They issued a “speculative buy” rating on the stock. TheStreet upgraded shares of On Track Innovations from a “d+” rating to a “c-” rating in a research note on Thursday, November 8th.
Shares of NASDAQ:OTIV traded up $0.02 during midday trading on Friday, reaching $0.78. The company’s stock had a trading volume of 11,900 shares, compared to its average volume of 250,531. The firm has a market capitalization of $30.35 million, a P/E ratio of -19.50 and a beta of 1.17. On Track Innovations has a twelve month low of $0.65 and a twelve month high of $2.94.
In other news, CEO Shlomi Cohen sold 54,938 shares of the stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $0.73, for a total value of $40,104.74. Following the sale, the chief executive officer now owns 52,984 shares in the company, valued at $38,678.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.
About On Track Innovations
On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates through Retail and Mass Transit Ticketing; and Petroleum segments. The company offers OTI UNO, a single interface and contactless reader that support the major card associations' applications, as well as wallets such as Apple Pay, Google Pay, and Samsung Pay; OTI TRIO, a near-field communication and contactless reader, which offers three-in-one cashless payment card options comprising magnetic stripe (swipe), contact (chip), and contactless (tap); and OTI Interno, an original equipment manufacturer reader module with integrated antenna used for integration into mass transit validators and terminals.
Featured Story: How to Invest in Growth Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for On Track Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Track Innovations and related companies with MarketBeat.com's FREE daily email newsletter.