On Track Innovations (OTIV) Earning Somewhat Favorable News Coverage, Study Shows

Headlines about On Track Innovations (NASDAQ:OTIV) have trended somewhat positive this week, according to InfoTrie. InfoTrie scores the sentiment of press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. On Track Innovations earned a media sentiment score of 1.14 on their scale. InfoTrie also assigned news headlines about the technology company an news buzz score of 8 out of 10, indicating that recent press coverage is very likely to have an effect on the company’s share price in the near future.

Here are some of the news headlines that may have impacted On Track Innovations’ analysis:

Shares of On Track Innovations stock traded down $0.03 on Monday, hitting $0.75. 1,500 shares of the company’s stock traded hands, compared to its average volume of 88,640. The stock has a market cap of $32.21 million, a P/E ratio of -18.75 and a beta of 1.59. On Track Innovations has a 52-week low of $0.65 and a 52-week high of $2.94.

OTIV has been the subject of several research analyst reports. Taglich Brothers initiated coverage on On Track Innovations in a research note on Thursday, October 25th. They set a “speculative buy” rating for the company. TheStreet upgraded On Track Innovations from a “d+” rating to a “c-” rating in a research note on Thursday, November 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. On Track Innovations presently has an average rating of “Hold” and an average target price of $2.00.

In other news, CEO Shlomi Cohen sold 54,938 shares of the stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $0.73, for a total transaction of $40,104.74. Following the completion of the transaction, the chief executive officer now directly owns 52,984 shares in the company, valued at approximately $38,678.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

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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.

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