Revenue Update on On Track Innovations Ltd (USA)(NASDAQ:OTIV)

On Track Innovations Ltd (USA)(NASDAQ:OTIV) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $5.586M. Analysts estimated a revenue of $4.950M. The revenues were 12.85% above the estimates. Earnings per share were $-0.03.

On Track Innovations Ltd (USA) (OTIV) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -2.94% at a volume of 1,34,596. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.7. The peak price level was also seen at $1.7 while the days lowest was $1.6002. Finally the shares closed at $1.65. The 52-week high of the shares is $2.09 while the 52-week low is $0.8. According to the latest information available, the market cap of the company is $68 M.

Several Insider Transactions has been reported to the SEC. On Nov 28, 2016, William Carl Iii Anderson (director) purchased 20,000 shares at $1.21 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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