Zacks: On Track Innovations Ltd (OTIV) Given $2.25 Average Target Price by Analysts

Shares of On Track Innovations Ltd (NASDAQ:OTIV) have received an average broker rating score of 1.50 (Buy) from the two brokers that cover 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% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a 1-year consensus target price of $2.25 for the company and are expecting 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 85 out of 257 based on the ratings given to related companies.

OTIV has been the topic of a number of recent analyst reports. TheStreet raised On Track Innovations from a “d+” rating to a “c-” rating in a report on Thursday, November 8th. Taglich Brothers initiated coverage on On Track Innovations in a report on Thursday, October 25th. They set a “speculative buy” rating on the stock.

In other On Track Innovations news, CEO Shlomi Cohen sold 54,938 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $0.73, for a total transaction of $40,104.74. Following the sale, the chief executive officer now directly 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 this hyperlink. 1.00% of the stock is owned by company insiders.

NASDAQ:OTIV opened at $0.78 on Thursday. On Track Innovations has a 52 week low of $0.65 and a 52 week high of $2.94.

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.

Further Reading: Why do company’s buyback their stock?

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