Orion Digital (NASDAQ:ORIO) Releases Quarterly Earnings Results

Orion Digital (NASDAQ:ORIO) posted its quarterly earnings results on Thursday. The company reported ($0.02) EPS for the quarter, Zacks reports. Orion Digital had a negative net margin of 11.90% and a positive return on equity of 8.36%. The business had revenue of $12.48 million during the quarter, compared to analyst estimates of $11.60 million.

Orion Digital Stock Performance

Shares of ORIO opened at $1.05 on Friday. Orion Digital has a 1 year low of $0.74 and a 1 year high of $3.83. The firm has a market capitalization of $25.17 million, a P/E ratio of -4.20 and a beta of 2.57. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average price is $1.15.

Wall Street Analyst Weigh In

ORIO has been the topic of a number of recent research reports. Zacks Research raised shares of Orion Digital from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings initiated coverage on Orion Digital in a report on Wednesday, January 14th. They set a “sell (d)” rating for the company. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

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.