On Track Innovations Ltd (NASDAQ:OTIV) Director James Scott Medford bought 10,000 shares of On Track Innovations stock in a transaction dated Tuesday, June 13th. The stock was purchased at an average price of $1.27 per share, with a total value of $12,700.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $6,350. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of On Track Innovations Ltd (NASDAQ:OTIV) traded down 0.79% during mid-day trading on Friday, hitting $1.25. The stock had a trading volume of 162,919 shares. The firm’s market capitalization is $51.37 million. The stock’s 50-day moving average is $1.34 and its 200 day moving average is $1.52. On Track Innovations Ltd has a 1-year low of $0.86 and a 1-year high of $2.09.
On Track Innovations (NASDAQ:OTIV) last released its quarterly earnings results on Wednesday, May 10th. 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 return on equity of 19.26% and a negative net margin of 4.08%. The company had revenue of $4.02 million during the quarter, compared to the consensus estimate of $5.08 million. Equities research analysts predict that On Track Innovations Ltd will post ($0.02) EPS for the current fiscal year.
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A hedge fund recently raised its stake in On Track Innovations stock. Renaissance Technologies LLC raised its position in shares of On Track Innovations Ltd (NASDAQ:OTIV) by 17.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 819,300 shares of the technology company’s stock after buying an additional 123,500 shares during the period. Renaissance Technologies LLC owned 1.99% of On Track Innovations worth $1,352,000 at the end of the most recent reporting period. 5.55% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded On Track Innovations from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 25th.
About On Track Innovations
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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