On Track Innovations Ltd (NASDAQ:OTIV) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation. On Track Innovations’ rating score has improved by 33.3% from three months ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus price objective of $2.00 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given On Track Innovations an industry rank of 68 out of 256 based on the ratings given to its competitors.
Several equities analysts recently commented on OTIV shares. TheStreet raised shares of Patrick Industries from a “c+” rating to a “b-” rating in a research note on Monday, March 18th. Zacks Investment Research raised shares of HAYS PLC/ADR from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th.
NASDAQ OTIV traded down $0.01 on Tuesday, reaching $0.45. The company had a trading volume of 58,281 shares, compared to its average volume of 94,503. The firm has a market cap of $18.58 million, a price-to-earnings ratio of -9.00 and a beta of 1.26. On Track Innovations has a 1-year low of $0.42 and a 1-year high of $1.20. The stock’s fifty day moving average price is $0.46.
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 the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $3.01 million for the quarter, compared to the consensus estimate of $4.43 million. On Track Innovations had a negative net margin of 8.31% and a negative return on equity of 24.36%. On average, sell-side analysts predict that On Track Innovations will post -0.02 EPS for the current year.
On Track Innovations Company Profile
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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