Trade-Ideas: On Track Innovations (OTIV) Is Today's

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified On Track Innovations ( OTIV) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified On Track Innovations as such a stock due to the following factors:

  • OTIV has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $27.5 million.
  • OTIV has traded 63,675 shares today.
  • OTIV is up 4.5% today.
  • OTIV was down 12.1% yesterday.

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More details on OTIV:

On Track Innovations Ltd. designs, develops, and markets cashless payment solutions. The company operates through three segments: Retail and Mass Transit, Petroleum, and Parking. Currently there is 1 analyst that rates On Track Innovations a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for On Track Innovations has been 1.5 million shares per day over the past 30 days. On Track Innovations has a market cap of $117.6 million and is part of the technology sector and telecommunications industry. The stock has a beta of 1.01 and a short float of 1.2% with 0.02 days to cover. Shares are down 4.9% year-to-date as of the close of trading on Thursday.

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