On Track Innovations (NASDAQ:OTIV) was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Thursday.

Separately, Taglich Brothers started coverage on shares of On Track Innovations in a report on Thursday, October 25th. They issued a “speculative buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. On Track Innovations currently has an average rating of “Hold” and an average price target of $2.00.

NASDAQ OTIV traded down $0.01 during trading on Thursday, reaching $0.86. 50,348 shares of the company’s stock traded hands, compared to its average volume of 76,259. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.28 and a current ratio of 1.54. The company has a market capitalization of $35.51 million, a price-to-earnings ratio of -21.50 and a beta of 1.59. On Track Innovations has a 12-month low of $0.81 and a 12-month high of $2.94.

On Track Innovations (NASDAQ:OTIV) last posted its earnings results on Wednesday, August 8th. The technology company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $6.15 million for the quarter, compared to the consensus estimate of $6.20 million. On Track Innovations had a negative net margin of 5.90% and a negative return on equity of 9.03%. Equities analysts expect that On Track Innovations will post -0.03 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in On Track Innovations stock. Essex Investment Management Co. LLC bought a new position in On Track Innovations Ltd (NASDAQ:OTIV) in the second quarter, according to its most recent filing with the SEC. The firm bought 183,024 shares of the technology company’s stock, valued at approximately $214,000. Essex Investment Management Co. LLC owned approximately 0.44% of On Track Innovations as of its most recent SEC filing. Hedge funds and other institutional investors own 3.09% of the company’s stock.

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.

See Also: Can individual investors take part in an IPO?

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.