Lake Street Capital Initiates Coverage on On Track Innovations (OTIV)

Research analysts at Lake Street Capital started coverage on shares of On Track Innovations (NASDAQ:OTIV) in a report issued on Wednesday. The brokerage set a “buy” rating and a $2.00 price target on the technology company’s stock. Lake Street Capital’s price target indicates a potential upside of 63.93% from the company’s previous close.

Several other equities analysts have also weighed in on OTIV. Zacks Investment Research lowered shares of On Track Innovations from a “hold” rating to a “sell” rating in a report on Saturday, March 24th. ValuEngine upgraded shares of On Track Innovations from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. On Track Innovations has an average rating of “Buy” and a consensus price target of $2.25.

On Track Innovations opened at $1.22 on Wednesday, reports. The firm has a market capitalization of $49.82 million, a P/E ratio of -30.50 and a beta of 1.40. The company has a current ratio of 1.57, a quick ratio of 1.33 and a debt-to-equity ratio of 0.06. On Track Innovations has a 12-month low of $0.93 and a 12-month high of $2.94.

On Track Innovations (NASDAQ:OTIV) last released its earnings results on Wednesday, May 9th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $5.86 million for the quarter, compared to analyst estimates of $5.30 million. On Track Innovations had a negative net margin of 0.27% and a negative return on equity of 9.67%. equities analysts anticipate that On Track Innovations will post -0.02 earnings per share for the current fiscal year.

About On Track Innovations

On Track Innovations Ltd. designs, develops, and markets cashless payment solutions. The company operates in three segments: Retail and Mass Transit, Petroleum, and Parking. Its products include PayCapsule, an Internet of Things contactless payment device; PayCapsule-Flex, a payenable solution for wearables and flexible products; TRIO mobile point of sale (mPOS) and PIN card readers, which allow merchants to accept EMV chip and magnetic stripe payments with PIN transaction security; and Pico BT, a Bluetooth enabled swipe and chip handheld reader for mPOS.

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