On Track Innovations Ltd (NASDAQ:OTIV) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.50 and traded as high as $0.36. On Track Innovations shares last traded at $0.34, with a volume of 4,762 shares trading hands.
A number of brokerages have weighed in on OTIV. Zacks Investment Research upgraded shares of On Track Innovations from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. ValuEngine lowered shares of On Track Innovations from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th.
The company has a market cap of $13.22 million, a price-to-earnings ratio of -6.66 and a beta of 1.04. The stock’s fifty day simple moving average is $0.35 and its two-hundred day simple moving average is $0.50.
On Track Innovations (NASDAQ:OTIV) last issued its earnings results on Wednesday, August 7th. The technology company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). On Track Innovations had a negative net margin of 12.66% and a negative return on equity of 31.14%. The business had revenue of $4.12 million during the quarter, compared to analysts’ expectations of $5.20 million. Equities analysts predict that On Track Innovations Ltd will post -0.02 EPS for the current fiscal year.
On Track Innovations Company Profile (NASDAQ:OTIV)
On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates in two segments, Retail and Mass Transit Ticketing; and Petroleum. 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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