On Track Innovations Ltd. (OTIV)

[midastouch017]

New coverage rates oti outperform

Northland Capital Markets Starts On Track Innovations (OTIV) at Outperform
8:09 AM ET, 01/17/2014 - Street Insider

Northland Capital Markets initiates coverage on On Track Innovations (NASDAQ: OTIV) with a Outperform. PT $5.25.

"The company's intensifying focus on mobile and contactless payment technology, leading IP, and a fruitful market for NFC and unattended retail solutions, is driving accelerated growth, in our view," analyst Michael Latimore said. "We estimate 23.6% revenue growth in FY14 and 31.7% in FY15."