Orion Digital (NASDAQ:ORIO) Issues Earnings Results

Orion Digital (NASDAQ:ORIO) announced its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. The firm had revenue of $12.17 million for the quarter. Orion Digital had a negative return on equity of 6.17% and a negative net margin of 24.49%.

Orion Digital Price Performance

ORIO stock traded up $0.04 during trading on Friday, hitting $1.03. The company had a trading volume of 21,953 shares, compared to its average volume of 65,265. The company has a fifty day moving average price of $0.99 and a two-hundred day moving average price of $0.96. Orion Digital has a fifty-two week low of $0.61 and a fifty-two week high of $1.45. The company has a market cap of $24.61 million, a P/E ratio of -2.07 and a beta of 2.48. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ORIO shares. Zacks Research downgraded shares of Orion Digital from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Orion Digital from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Orion Digital has an average rating of “Reduce”.

Orion Digital Company Profile

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.