On Track Innovations Ltd. (OTIV) continues to maintain its upward momentum to fresh 52-week highs over $4.00, with today’s strength being attributed to a positive mention at BeaconEquity. According to BE, On Track Innovations — which projects $60 million in revenues this year — is rapidly expanding, with nine month 93% revenue growth to $43.6 million.
Shares of OTIV are currently up 9.49% at $4.04 per share during Wednesday afternoon trading. Volume has exploded with more than 650,000 shares already trading hands compared to a daily average volume of just 98,000.
On Track Innovations has a market cap of $99 million and a P/E (price-to-earnings ratio) of -3.05.
OTIV deigns, develops, and markets contactless microprocessor-based smart card technology products in the Americas, Israel, Europe, Africa, and the Far-East. The co. was founded in 1990 and is headquartered in Rosh Pina, Israel.