Feltl & Co. Equities Analysts Reduce Earnings Estimates for On Track Innovations Ltd (OTIV)

On Track Innovations Ltd (NASDAQ:OTIV) – Investment analysts at Feltl & Co. reduced their FY2017 earnings per share (EPS) estimates for shares of On Track Innovations in a note issued to investors on Wednesday, Zacks Investment Research reports. Feltl & Co. analyst J. Elving now expects that the technology company will earn ($0.01) per share for the year, down from their prior forecast of $0.01. Feltl & Co. also issued estimates for On Track Innovations’ Q4 2017 earnings at $0.00 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.01 EPS and FY2018 earnings at $0.05 EPS.

Separately, Zacks Investment Research lowered On Track Innovations from a “hold” rating to a “strong sell” rating in a report on Saturday, March 25th.

Earnings History and Estimates for On Track Innovations (NASDAQ:OTIV)

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On Track Innovations (NASDAQ:OTIV) traded down 1.4667% during mid-day trading on Friday, hitting $1.6258. The stock had a trading volume of 31,965 shares. The company has a 50-day moving average of $1.63 and a 200-day moving average of $1.41. The stock’s market cap is $66.79 million. On Track Innovations has a 12-month low of $0.80 and a 12-month high of $2.09.

An institutional investor recently raised its position in On Track Innovations stock. Renaissance Technologies LLC raised its position in shares of On Track Innovations Ltd (NASDAQ:OTIV) by 135.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 695,800 shares of the technology company’s stock after buying an additional 400,900 shares during the period. Renaissance Technologies LLC owned approximately 1.70% of On Track Innovations worth $1,211,000 at the end of the most recent reporting period. Institutional investors own 7.38% of the company’s stock.

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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