On Track Innovations Ltd. (OTIV)

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On Track Innovations Ltd. (OTIV) Stock Rating Upgraded by Zacks Investment Research

Posted by Trent Williams on Nov 17th, 2016 // No Comments

On Track Innovations logoOn Track Innovations Ltd. (NASDAQ:OTIV) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday. The firm presently has a $1.25 target price on the stock. Zacks Investment Research’s price objective indicates a potential upside of 21.36% from the stock’s previous close.
According to Zacks, “On Track is a global leader in contactless microprocessor-based smart card systems. “
On Track Innovations (NASDAQ:OTIV) opened at 1.03 on Tuesday. The stock’s market cap is $42.17 billion. The company’s 50-day moving average price is $0.97 and its 200-day moving average price is $1.02. On Track Innovations has a 12-month low of $0.32 and a 12-month high of $1.38.