On Track Innovations Ltd (NASDAQ:OTIV) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Saturday.
According to Zacks, “On Track is a global leader in contactless microprocessor-based smart card systems. “
On Track Innovations (NASDAQ:OTIV) traded down 1.82% during midday trading on Friday, hitting $1.62. 29,366 shares of the stock were exchanged. The firm’s 50 day moving average price is $1.63 and its 200 day moving average price is $1.41. The company’s market cap is $66.55 million. On Track Innovations has a 12 month low of $0.80 and a 12 month high of $2.09.
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An institutional investor recently raised its position in On Track Innovations stock. Renaissance Technologies LLC raised its stake in shares of On Track Innovations Ltd (NASDAQ:OTIV) by 135.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 695,800 shares of the technology company’s stock after buying an additional 400,900 shares during the period. Renaissance Technologies LLC owned about 1.70% of On Track Innovations worth $1,211,000 as of its most recent filing with the SEC. 7.38% of the stock is owned by hedge funds and other institutional investors.
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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