Headlines about On Track Innovations (NASDAQ:OTIV) have been trending somewhat negative on Saturday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. On Track Innovations earned a coverage optimism score of -1.00 on their scale. InfoTrie also gave media stories about the technology company an news buzz score of 1 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected On Track Innovations’ analysis:
- Zacks: On Track Innovations Ltd (OTIV) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- On Track Innovations (OTIV) to Divest Non-Core Legacy MediSmart Division (streetinsider.com)
- On Track Innovations Ltd. Announces Agreement to Divest Non-Core Legacy MediSmart Division (finance.yahoo.com)
- On Track Innovations (OTIV) Receives Additional Purchase Order for More Than 3,000 Advanced Systems in Russia (streetinsider.com)
- Financial Survey: On Track Innovations (OTIV) and Acacia Communications (ACIA) (americanbankingnews.com)
Several analysts recently issued reports on the stock. TheStreet upgraded shares of On Track Innovations from a “d+” rating to a “c-” rating in a research report on Thursday, November 8th. Taglich Brothers assumed coverage on shares of On Track Innovations in a research report on Thursday, October 25th. They set a “speculative buy” rating for the company. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $2.00.
Shares of NASDAQ:OTIV traded up $0.02 during midday trading on Friday, reaching $0.78. 11,961 shares of the company were exchanged, compared to its average volume of 94,399. On Track Innovations has a one year low of $0.65 and a one year high of $2.94. The firm has a market cap of $31.57 million, a price-to-earnings ratio of -19.50 and a beta of 1.17.
In related news, CEO Shlomi Cohen sold 54,938 shares of the company’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $0.73, for a total transaction of $40,104.74. Following the sale, the chief executive officer now owns 52,984 shares of the company’s stock, valued at $38,678.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.
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On Track Innovations Company Profile
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.
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