Orion Digital (NASDAQ:ORIO) Issues Quarterly Earnings Results

Orion Digital (NASDAQ:ORIO) issued its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. Orion Digital had a negative return on equity of 6.03% and a negative net margin of 24.49%.The firm had revenue of $12.18 million during the quarter.

Orion Digital Stock Performance

Shares of NASDAQ:ORIO traded down $0.03 during midday trading on Friday, reaching $0.65. 39,817 shares of the company’s stock traded hands, compared to its average volume of 45,621. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market cap of $15.46 million, a price-to-earnings ratio of -1.29 and a beta of 2.47. The stock has a 50 day moving average of $0.79 and a 200 day moving average of $0.97. Orion Digital has a one year low of $0.61 and a one year high of $2.07.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research cut shares of Orion Digital from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Digital in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.