On Track Innovations Ltd (NASDAQ:OTIV) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
A number of other analysts also recently weighed in on OTIV. Northland Securities set a $3.00 target price on shares of On Track Innovations and gave the stock a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of On Track Innovations from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. TheStreet raised shares of On Track Innovations from a “d” rating to a “c-” rating in a research report on Wednesday, August 23rd. Finally, Lake Street Capital assumed coverage on shares of On Track Innovations in a research report on Wednesday, July 12th. They issued a “buy” rating and a $2.25 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. On Track Innovations presently has a consensus rating of “Hold” and a consensus target price of $2.38.
On Track Innovations (OTIV) traded up $0.11 during trading hours on Thursday, hitting $1.26. 291,200 shares of the stock were exchanged, compared to its average volume of 82,936. The company has a current ratio of 1.52, a quick ratio of 1.29 and a debt-to-equity ratio of 0.09. On Track Innovations has a 12-month low of $1.00 and a 12-month high of $2.09.
A hedge fund recently raised its stake in On Track Innovations stock. Sarbit Advisory Services Inc. boosted its position in shares of On Track Innovations Ltd (NASDAQ:OTIV) by 43.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,309,402 shares of the technology company’s stock after purchasing an additional 394,051 shares during the quarter. On Track Innovations comprises about 0.5% of Sarbit Advisory Services Inc.’s holdings, making the stock its 9th biggest holding. Sarbit Advisory Services Inc. owned 3.19% of On Track Innovations worth $1,715,000 at the end of the most recent reporting period. 6.06% of the stock is currently owned by institutional investors and hedge funds.
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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