Research that Identifies
Undiscovered Value in the MicroCap Market

On Track Innovations Ltd.

On Track Innovations: Click to Subscribe to Email Notifications

View Company Website: Click to View

Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Research Update Released (Dated 11/16/2018)

Symbol: OTIV
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $2.00
Time Horizon: 12 Months
Rating Established: October 24, 2018
Price When Established: $0.91
Most Recent Report: November 16, 2018
Price When Issued: $0.83

What's New

On Track Innovations in Agreement to Divest Non-Core Legacy MediSmart Division

In December 2018, On Track Innovations Ltd. (OTIV) entered into an agreement to divest its non-core legacy division of MediSmart to a current customer, Smart Applications International Ltd. (SMART). Under the terms of the transaction, SMART will acquire MediSmart for total consideration of $2.75 million in cash. The transaction is subject to customary conditions, and is expected to close in January 2019.

MediSmart is an information management and claims submission system for the medical sector that generates approximately $1.5 million in annual revenues. Through an integrated system, incorporating contactless smart card and biometric technologies, MediSmart offers fast and secure access to medical information, transaction generation, claims management, expenditure control and reporting.

This divestiture will strengthen OTIV’s balance sheet, providing the company with additional capital to advance its growth initiatives while allowing it to remain focused on its core business.

Company Description

On Track Innovations Ltd., headquartered in Rosh Pina, Israel, is principally engaged in the design and development of cashless payment solutions.

Company Reports

Research Update Released (Dated November 16, 2018)
Initial Report Released (Dated October 24, 2018)


Please view our current disclosure and disclaimer on our most recent research report.