Orion Digital (NASDAQ:ORIO) Stock Rating Lowered by Zacks Research

Orion Digital (NASDAQ:ORIO) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Orion Digital in a research report on Thursday, June 11th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Orion Digital has a consensus rating of “Reduce”.

Orion Digital Stock Up 1.2%

ORIO stock opened at $0.65 on Thursday. The stock’s 50 day simple moving average is $0.82. The stock has a market capitalization of $15.48 million, a PE ratio of -8.10 and a beta of 2.42. Orion Digital has a fifty-two week low of $0.61 and a fifty-two week high of $2.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.43 and a current ratio of 1.43.

Orion Digital (NASDAQ:ORIO) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. The firm had revenue of $12.29 million during the quarter, compared to the consensus estimate of $12.43 million. Orion Digital had a positive return on equity of 9.62% and a negative net margin of 3.57%.

About Orion Digital

Mogo Inc operates as a financial technology company in Canada and internationally. The company provides digital solutions to the consumers to get in control of their financial health. It offers Mogo app to access a digital spending account with Mogo Visa Platinum Prepaid Card; MogoCrypto that enables the buying and selling of bitcoin; MogoProtect, a free ID fraud protection and monthly credit score monitoring; MogoMortgage, a digital mortgage experience; and MogoMoney that provides access to personal loans.