Aegis Capital Initiates Coverage on On Track Innovations Ltd (USA) to Buy

Aegis Capital Initiates Coverage on On Track Innovations Ltd (USA)(NASDAQ:OTIV). The shares have been rated Buy. The rating by Aegis Capital was issued on Apr 12, 2016.

On Track Innovations Ltd (USA) (OTIV) made into the market gainers list on Fridays trading session with the shares advancing 1.02% or 0.01 points. Due to strong positive momentum, the stock ended at $0.99, which is also near the day’s high of $1.01. The stock began the session at $0.99 and the volume stood at 58,334 shares. The 52-week high of the shares is $1.73 and the 52 week low is $0.32. The company has a current market capitalization of $40 M and it has 4,08,35,974 shares in outstanding.

On Track Innovations Ltd (USA)(OTIV) last announced its earnings results on Mar 23, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $5.71M. Analysts had an estimated revenue of $4.53M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.05.

Several Insider Transactions has been reported to the SEC. On Dec 17, 2015, William Carl Iii Anderson (director) purchased 40,000 shares at $0.52 per share price.Also, On Dec 7, 2015, Shlomi Cohen (CEO) purchased 39,938 shares at $0.50 per share price.On Nov 19, 2015, Alfred John Jr. Knapp (director) purchased 65,000 shares at $0.58 per share price, according to the Form-4 filing with the securities and exchange commission.

On Track Innovations Ltd. (OTI) is a developer of cashless payment solutions. The Company operates in segments including 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 and customer service and technical support. The Company’s products for retail and mass transit ticketing market include WAVE WAVE PKI oti NFC Insert oti Readers oti SATURN 6700 UNO oti SATURN 6500 TRIO oti SCI 6100 oti SATURN 6000 and oti CONNECT 3000. Its product for petroleum market includes EasyFuel Plus. Its products for parking market include EasyPark EasyPark Personal Parking Meter (PPM) and EasyPark Mobile. Its MediSmart product is designed to process and manage medical information.

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