On Track Innovations (OTIV) Rating Increased to C- at TheStreet

On Track Innovations (NASDAQ:OTIV) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a report issued on Thursday.

Separately, 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. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $2.00.

OTIV opened at $0.86 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.28 and a debt-to-equity ratio of 0.04. The stock has a market cap of $35.51 million, a price-to-earnings ratio of -21.50 and a beta of 1.59. On Track Innovations has a 52-week low of $0.81 and a 52-week high of $2.94.

On Track Innovations (NASDAQ:OTIV) last issued its quarterly earnings data on Wednesday, August 8th. The technology company reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). On Track Innovations had a negative net margin of 5.90% and a negative return on equity of 9.03%. The firm had revenue of $6.15 million for the quarter, compared to analysts’ expectations of $6.20 million. As a group, analysts expect that On Track Innovations will post -0.03 EPS for the current year.

A hedge fund recently bought a new stake in On Track Innovations stock. Essex Investment Management Co. LLC acquired a new position in On Track Innovations Ltd (NASDAQ:OTIV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 183,024 shares of the technology company’s stock, valued at approximately $214,000. Essex Investment Management Co. LLC owned 0.44% of On Track Innovations as of its most recent SEC filing. Institutional investors and hedge funds own 3.09% of the company’s stock.

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.

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