Northland Securities analyst Michael Latimore maintained a Buy rating on On Track Innovations (OTIV) on March 14 and set a price target of $2. The company’s shares opened today at $0.68, close to its 52-week low of $0.55.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 16.0% and a 57.8% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Everbridge Inc, and Veritone Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for On Track Innovations.
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Based on On Track Innovations’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $533K. In comparison, last year the company had a GAAP net loss of $693K.
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On Track Innovations Ltd. operates as a developer of cashless payment solutions including near field communication products and solutions. It operates through the following two segments: Retail and Mass Transit Ticketing; and Petroleum. The Retail and Mass Transit Ticketing segment sells and markets variety of products for cashless payment solutions.
