Orion Digital (NASDAQ:ORIO) Issues Quarterly Earnings Results

Orion Digital (NASDAQ:ORIO) released its 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 Performance

Shares of NASDAQ ORIO 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. Orion Digital has a one year low of $0.61 and a one year high of $1.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.52. The firm’s 50 day moving average price is $0.99 and its two-hundred day moving average price is $0.96.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. 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. Zacks Research downgraded Orion Digital from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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.