Mogo (TSE:MOGO) Trading Down 5.3% – What’s Next?

Mogo Inc. (TSE:MOGO) traded down 5.3% during mid-day trading on Monday . The stock traded as low as C$1.42 and last traded at C$1.43. 74,398 shares changed hands during trading, an increase of 4% from the average session volume of 71,249 shares. The stock had previously closed at C$1.51.

Mogo Price Performance

The stock’s fifty day simple moving average is C$1.83 and its 200-day simple moving average is C$2.22. The company has a market capitalization of C$33.98 million, a P/E ratio of 4.61 and a beta of 3.34. The company has a debt-to-equity ratio of 123.15, a current ratio of 0.49 and a quick ratio of 3.99.

Mogo (TSE:MOGO) last announced its quarterly earnings data on Friday, November 7th. The company reported C($0.19) earnings per share (EPS) for the quarter. The company had revenue of C$16.96 million during the quarter. Mogo had a negative return on equity of 18.65% and a negative net margin of 22.18%. On average, equities analysts forecast that Mogo Inc. will post -0.23 earnings per share for the current fiscal year.

Mogo Company Profile

Mogo, one of Canada’s leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo’s trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo’s wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo’s digital wealth platform. Mogo also offers digital loans and mortgages.