On Track Innovations Ltd (NASDAQ:OTIV) traded down 12.5% on Monday . The company traded as low as $1.31 and last traded at $1.47. 4,152,600 shares changed hands during mid-day trading, an increase of 580% from the average session volume of 610,298 shares. The stock had previously closed at $1.68.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of On Track Innovations from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. ValuEngine cut shares of On Track Innovations from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Northland Securities restated a “buy” rating and issued a $2.50 price objective on shares of On Track Innovations in a report on Wednesday, October 4th. Finally, TheStreet downgraded shares of On Track Innovations from a “c-” rating to a “d+” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $2.38.

The company has a market cap of $60.47, a P/E ratio of -24.50 and a beta of 1.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.59 and a quick ratio of 1.32.

An institutional investor recently bought a new position in On Track Innovations stock. Geller Family Office Services LLC bought a new position in On Track Innovations Ltd (NASDAQ:OTIV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 899,210 shares of the technology company’s stock, valued at approximately $1,232,000. On Track Innovations makes up about 0.6% of Geller Family Office Services LLC’s holdings, making the stock its 8th largest position. Geller Family Office Services LLC owned about 2.19% of On Track Innovations as of its most recent SEC filing. Institutional investors own 8.14% of the company’s stock.

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On Track Innovations Company Profile

On Track Innovations Ltd. is a developer of cashless payment solutions. The Company’s segments include Retail and Mass Transit, Petroleum, Parking and Other. The Company offers solutions for banking, mobile network operators, vending, mass transit, petroleum and parking. The Company provides its customers with training and installation support, customer service and technical support.

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