On Track Innovations Ltd (OTIV) Upgraded by ValuEngine to “Hold”

On Track Innovations Ltd (NASDAQ:OTIV) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday, September 1st.

Several other equities analysts also recently commented on OTIV. Northland Securities set a $3.00 target price on shares of On Track Innovations and gave the stock a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of On Track Innovations from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. TheStreet raised shares of On Track Innovations from a “d” rating to a “c-” rating in a research report on Wednesday, August 23rd. Finally, Lake Street Capital began coverage on shares of On Track Innovations in a research report on Wednesday, July 12th. They set a “buy” rating and a $2.25 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. On Track Innovations currently has an average rating of “Hold” and a consensus target price of $2.17.

On Track Innovations (OTIV) traded up 1.50% during trading on Friday, reaching $1.35. The company had a trading volume of 56,951 shares. On Track Innovations has a 12 month low of $0.90 and a 12 month high of $2.09. The company’s market capitalization is $55.51 million. The firm’s 50 day moving average is $1.29 and its 200-day moving average is $1.42.

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An institutional investor recently raised its position in On Track Innovations stock. Renaissance Technologies LLC lifted its stake in On Track Innovations Ltd (NASDAQ:OTIV) by 17.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 819,300 shares of the technology company’s stock after buying an additional 123,500 shares during the period. Renaissance Technologies LLC owned about 1.99% of On Track Innovations worth $1,352,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.07% of the company’s stock.

On Track Innovations Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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