News headlines about On Track Innovations (NASDAQ:OTIV) have trended somewhat positive this week, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by reviewing more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. On Track Innovations earned a media sentiment score of 1.78 on their scale. InfoTrie also assigned media coverage about the technology company an news buzz score of 6 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near future.
A number of equities analysts have issued reports on OTIV shares. Zacks Investment Research upgraded On Track Innovations from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research note on Friday, March 8th. TheStreet downgraded On Track Innovations from a “c-” rating to a “d” rating in a research note on Monday, March 18th.
OTIV stock traded up $0.01 during mid-day trading on Friday, reaching $0.43. 25,700 shares of the company traded hands, compared to its average volume of 97,665. The firm has a market cap of $17.76 million, a PE ratio of -8.60 and a beta of 1.40. On Track Innovations has a fifty-two week low of $0.42 and a fifty-two week high of $1.20. The company has a 50 day simple moving average of $0.48.
On Track Innovations (NASDAQ:OTIV) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $3.01 million for the quarter, compared to analyst estimates of $4.43 million. On Track Innovations had a negative net margin of 8.31% and a negative return on equity of 24.36%. Analysts predict that On Track Innovations will post -0.02 EPS for the current fiscal year.
About On Track Innovations
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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