On Track Innovations (NASDAQ:OTIV) Share Price Passes Above Two Hundred Day Moving Average of $0.55

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On Track Innovations Ltd (NASDAQ:OTIV) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.55 and traded as high as $0.38. On Track Innovations shares last traded at $0.38, with a volume of 100 shares.

Separately, Zacks Investment Research raised On Track Innovations from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th.

The firm has a market capitalization of $15.35 million, a price-to-earnings ratio of -7.40 and a beta of 1.21. The business has a 50 day simple moving average of $0.38 and a 200-day simple moving average of $0.55.

On Track Innovations (NASDAQ:OTIV) last issued its earnings results on Wednesday, August 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). On Track Innovations had a negative return on equity of 31.14% and a negative net margin of 12.66%. The company had revenue of $4.12 million during the quarter, compared to analyst estimates of $5.20 million. Analysts predict that On Track Innovations Ltd will post -0.02 EPS for the current year.

On Track Innovations Company Profile (NASDAQ:OTIV)

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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