Analysts forecast that On Track Innovations Ltd (NASDAQ:OTIV) will announce earnings per share of ($0.01) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for On Track Innovations’ earnings. On Track Innovations also posted earnings per share of ($0.01) in the same quarter last year. The firm is scheduled to issue its next quarterly earnings results on Wednesday, March 20th.
According to Zacks, analysts expect that On Track Innovations will report full-year earnings of ($0.03) per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of ($0.01) per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow On Track Innovations.
OTIV has been the subject of a number of research reports. Taglich Brothers initiated coverage on shares of On Track Innovations in a research note on Thursday, October 25th. They issued a “speculative buy” rating for the company. TheStreet raised shares of On Track Innovations from a “d+” rating to a “c-” rating in a research note on Thursday, November 8th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $2.00.
In related news, CEO Shlomi Cohen sold 54,938 shares of the company’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $0.73, for a total transaction of $40,104.74. Following the completion of the sale, the chief executive officer now directly owns 52,984 shares in the company, valued at approximately $38,678.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
Shares of On Track Innovations stock traded up $0.02 during trading on Friday, reaching $0.78. The company’s stock had a trading volume of 11,961 shares, compared to its average volume of 250,532. On Track Innovations has a 52-week low of $0.65 and a 52-week high of $2.94. The stock has a market capitalization of $30.35 million, a price-to-earnings ratio of -19.50 and a beta of 1.17.
On Track Innovations Company Profile
On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates through Retail and Mass Transit Ticketing; and Petroleum segments. The company offers OTI UNO, a single interface and contactless reader that support the major card associations' applications, as well as wallets such as Apple Pay, Google Pay, and Samsung Pay; OTI TRIO, a near-field communication and contactless reader, which offers three-in-one cashless payment card options comprising magnetic stripe (swipe), contact (chip), and contactless (tap); and OTI Interno, an original equipment manufacturer reader module with integrated antenna used for integration into mass transit validators and terminals.
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