Orion Digital (NASDAQ:ORIO) Issues Earnings Results

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

Orion Digital Stock Down 2.0%

ORIO stock traded down $0.02 during trading on Thursday, reaching $1.00. The stock had a trading volume of 76,213 shares, compared to its average volume of 54,407. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a fifty day moving average price of $0.99 and a 200 day moving average price of $0.96. Orion Digital has a 1-year low of $0.61 and a 1-year high of $1.55.

Analyst Upgrades and Downgrades

ORIO has been the subject of a number of analyst reports. Zacks Research cut Orion Digital from a “strong-buy” rating to a “hold” rating in a report 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 equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock 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.