On Track Innovations (NASDAQ:OTIV) Given News Sentiment Score of -2.29 – TechNewsObserver

Media headlines about On Track Innovations (NASDAQ:OTIV) have trended negative on Friday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. On Track Innovations earned a news impact score of -2.29 on their scale. InfoTrie also gave media stories about the technology company an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next few days.

Shares of NASDAQ:OTIV traded down $0.01 during midday trading on Friday, reaching $0.17. The company’s stock had a trading volume of 523,500 shares, compared to its average volume of 83,914. The company has a market capitalization of $7.44 million, a P/E ratio of -3.40 and a beta of 1.04. The business’s fifty day simple moving average is $0.28 and its 200-day simple moving average is $0.40. On Track Innovations has a fifty-two week low of $0.17 and a fifty-two week high of $0.91.

On Track Innovations (NASDAQ:OTIV) last released its earnings results on Wednesday, August 7th. The technology company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 business had revenue of $4.12 million for the quarter, compared to analyst estimates of $5.20 million. Equities analysts predict that On Track Innovations will post -0.02 earnings per share for the current year.

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Separately, ValuEngine cut On Track Innovations from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th.

About On Track Innovations

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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