Zacks Investment Research Downgrades On Track Innovations (OTIV) to Sell
On Track Innovations (NASDAQ:OTIV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “On Track is a global leader in contactless microprocessor-based smart card systems. “
OTIV has been the topic of a number of other reports. ValuEngine raised On Track Innovations from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Northland Securities reaffirmed a “buy” rating and issued a $2.50 price objective on shares of On Track Innovations in a research note on Wednesday, October 4th. Finally, TheStreet lowered On Track Innovations from a “c-” rating to a “d+” rating in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. On Track Innovations currently has a consensus rating of “Hold” and a consensus price target of $2.38.
On Track Innovations (NASDAQ OTIV) opened at $0.98 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.32 and a debt-to-equity ratio of 0.07. On Track Innovations has a 12 month low of $0.93 and a 12 month high of $2.09.
Several institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in On Track Innovations by 17.7% in the first quarter. Renaissance Technologies LLC now owns 819,300 shares of the technology company’s stock valued at $1,352,000 after buying an additional 123,500 shares during the period. Sarbit Advisory Services Inc. lifted its stake in On Track Innovations by 43.0% in the second quarter. Sarbit Advisory Services Inc. now owns 1,309,402 shares of the technology company’s stock valued at $1,715,000 after buying an additional 394,051 shares during the period. Finally, Geller Family Office Services LLC acquired a new position in On Track Innovations in the third quarter valued at approximately $1,232,000. 8.14% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Downgrades On Track Innovations (OTIV) to Sell” was reported by Daily Political and is the property of of Daily Political. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/12/14/zacks-investment-research-downgrades-on-track-innovations-otiv-to-sell.html.
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.
Receive News & Ratings for On Track Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Track Innovations and related companies with MarketBeat.com's FREE daily email newsletter.