Mogo Finance Technology (NASDAQ:MOGO) Issues Earnings Results

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Mogo Finance Technology (NASDAQ:MOGO) issued its earnings results on Thursday. The company reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.01, reports. The business had revenue of $12.56 million during the quarter, compared to the consensus estimate of $12.20 million.

MOGO stock traded down $0.06 during mid-day trading on Friday, reaching $2.75. The company’s stock had a trading volume of 6,400 shares, compared to its average volume of 14,896. The business’s 50 day moving average price is $3.18 and its 200 day moving average price is $3.20. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.92. Mogo Finance Technology has a 12 month low of $1.98 and a 12 month high of $4.05. The company has a market cap of $79.65 million, a price-to-earnings ratio of -3.99 and a beta of 1.73.

A number of brokerages have weighed in on MOGO. BMO Capital Markets downgraded Mogo Finance Technology from an “outperform” rating to a “market perform” rating in a report on Friday, August 16th. Mackie set a $10.00 target price on Mogo Finance Technology and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, ValuEngine upgraded Mogo Finance Technology from a “hold” rating to a “buy” rating in a report on Friday.

Mogo Finance Technology Company Profile

Mogo Finance Technology Inc operates as a financial technology company in Canada. The company offers solutions that help consumers to manage and control their finances. It offers free credit score monitoring; MogoProtect, an identity fraud protection solution; MogoCard, a Mogo Visa Platinum Prepaid Card; MogoMortgage, a digital mortgage solution; MogoCrypto account; and MogoMoney that enables the buying and selling of bitcoin, as well as access to consumer credit products.

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Earnings History for Mogo Finance Technology (NASDAQ:MOGO)

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