On Track Innovations Ltd (NASDAQ:OTIV) traded up 4.9% during mid-day trading on Tuesday . The company traded as high as $1.48 and last traded at $1.36. 1,410,400 shares traded hands during mid-day trading, an increase of 119% from the average session volume of 644,841 shares. The stock had previously closed at $1.43.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of On Track Innovations from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. ValuEngine upgraded shares of On Track Innovations from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. TheStreet downgraded shares of On Track Innovations from a “c-” rating to a “d+” rating in a report on Friday, November 10th. Finally, Northland Securities restated a “buy” rating and issued a $2.50 target price on shares of On Track Innovations in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $2.38.
The company has a market capitalization of $60.88, a price-to-earnings ratio of -49.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.32 and a current ratio of 1.59.
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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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