On Track Innovations (OTIV) Stock Rating Lowered by TheStreet

On Track Innovations (NASDAQ:OTIV) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d” rating in a note issued to investors on Monday.

Separately, Zacks Investment Research upgraded On Track Innovations from a “hold” rating to a “strong-buy” rating and set a $0.75 target price on the stock in a research report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $1.38.

Shares of On Track Innovations stock opened at $0.68 on Monday. On Track Innovations has a one year low of $0.55 and a one year high of $1.40. The stock has a market cap of $27.97 million, a P/E ratio of -13.60 and a beta of 1.44.

On Track Innovations (NASDAQ:OTIV) last announced its earnings results on Wednesday, March 13th. The technology company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). On Track Innovations had a negative net margin of 1.15% and a negative return on equity of 13.02%. The business had revenue of $4.53 million for the quarter, compared to the consensus estimate of $7.21 million. On average, research analysts forecast that On Track Innovations will post -0.02 earnings per share for the current year.

About On Track Innovations

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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