Mogo (TSE:MOGO) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Shares of Mogo Inc. (TSE:MOGO) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.43 and traded as low as C$1.69. Mogo shares last traded at C$1.72, with a volume of 100,522 shares trading hands.

Mogo Stock Down 2.8%

The company has a debt-to-equity ratio of 123.15, a current ratio of 0.49 and a quick ratio of 3.99. The firm has a market capitalization of C$40.90 million, a P/E ratio of 5.55 and a beta of 3.08. The company’s 50-day simple moving average is C$2.43 and its two-hundred day simple moving average is C$2.24.

Mogo (TSE:MOGO) last posted its quarterly earnings data on Friday, November 7th. The company reported C($0.19) EPS for the quarter. Mogo had a negative return on equity of 18.65% and a negative net margin of 22.18%.The company had revenue of C$16.96 million during the quarter. As a group, research analysts expect that Mogo Inc. will post -0.23 earnings per share for the current year.

Mogo Company Profile

Mogo, one of Canada’s leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo’s trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo’s wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo’s digital wealth platform.