On Track Innovations Ltd (OTIV) Downgraded by TheStreet to “D+”

TheStreet downgraded shares of On Track Innovations Ltd (NASDAQ:OTIV) from a c- rating to a d+ rating in a research report released on Friday.

Other equities analysts have also issued reports about the stock. Northland Securities restated a buy rating and issued a $2.50 price objective on shares of On Track Innovations in a research report on Wednesday, October 4th. ValuEngine raised shares of On Track Innovations from a sell rating to a hold rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised shares of On Track Innovations from a sell rating to a hold rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $2.38.

On Track Innovations (OTIV) traded down $0.06 during mid-day trading on Friday, hitting $1.20. 44,800 shares of the stock were exchanged, compared to its average volume of 144,424. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.52 and a quick ratio of 1.29. On Track Innovations has a one year low of $1.01 and a one year high of $2.09.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in shares of On Track Innovations by 17.7% during the first quarter. Renaissance Technologies LLC now owns 819,300 shares of the technology company’s stock worth $1,352,000 after acquiring an additional 123,500 shares in the last quarter. Sarbit Advisory Services Inc. raised its stake in shares of On Track Innovations by 43.0% during the second quarter. Sarbit Advisory Services Inc. now owns 1,309,402 shares of the technology company’s stock worth $1,715,000 after acquiring an additional 394,051 shares in the last quarter. Finally, Geller Family Office Services LLC purchased a new position in shares of On Track Innovations during the third quarter worth approximately $1,232,000. 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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