Orion Digital (NASDAQ:ORIO) Rating Increased to Strong-Buy at Zacks Research

Orion Digital (NASDAQ:ORIO) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Digital in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Orion Digital Stock Up 7.6%

Shares of Orion Digital stock opened at $0.87 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $0.94. Orion Digital has a 52 week low of $0.81 and a 52 week high of $2.67. The company has a market cap of $20.83 million, a P/E ratio of -10.86 and a beta of 2.42.

Orion Digital (NASDAQ:ORIO) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.06. Orion Digital had a positive return on equity of 9.62% and a negative net margin of 3.57%.The company had revenue of $12.29 million for the quarter, compared to the consensus estimate of $12.43 million. As a group, research analysts anticipate that Orion Digital will post -0.1 earnings per share for the current year.

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.