Weekly Analysts’ Ratings Changes for On Track Innovations (OTIV)

Several analysts have recently updated their ratings and price targets for On Track Innovations (NASDAQ: OTIV):

  • 3/19/2019 – On Track Innovations was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “On Track is a global leader in contactless microprocessor-based smart card systems. “
  • 3/18/2019 – On Track Innovations was downgraded by analysts at TheStreet from a “c-” rating to a “d” rating.
  • 3/8/2019 – On Track Innovations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $0.75 price target on the stock. According to Zacks, “On Track is a global leader in contactless microprocessor-based smart card systems. “
  • 3/7/2019 – On Track Innovations was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “On Track is a global leader in contactless microprocessor-based smart card systems. “

NASDAQ:OTIV traded down $0.03 during trading hours on Thursday, reaching $0.65. The company had a trading volume of 101,769 shares, compared to its average volume of 84,703. On Track Innovations Ltd has a 1-year low of $0.55 and a 1-year high of $1.40. The company has a market capitalization of $28.07 million, a PE ratio of -13.01 and a beta of 1.44.

On Track Innovations (NASDAQ:OTIV) last announced its quarterly earnings results on Wednesday, March 13th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). On Track Innovations had a negative net margin of 1.15% and a negative return on equity of 13.02%. The company had revenue of $4.53 million during the quarter, compared to analyst estimates of $7.21 million. On average, equities research analysts anticipate that On Track Innovations Ltd will post -0.02 EPS for the current year.

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.

Read More: Penny Stocks, Risk and Reward Factors

Receive News & Ratings for On Track Innovations Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Track Innovations Ltd and related companies with MarketBeat.com's FREE daily email newsletter.