Orion Digital (NASDAQ:ORIO) Cut to “Hold” at Zacks Research

Orion Digital (NASDAQ:ORIO) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Digital in a research note on Thursday, June 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Orion Digital Stock Up 1.2%

Shares of ORIO stock opened at $0.65 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.43. Orion Digital has a 52 week low of $0.61 and a 52 week high of $2.07. The stock has a market cap of $15.48 million, a PE ratio of -8.10 and a beta of 2.42. The firm has a 50 day simple moving average of $0.82.

Orion Digital (NASDAQ:ORIO) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. The business had revenue of $12.29 million for the quarter, compared to analyst estimates of $12.43 million. Orion Digital had a positive return on equity of 9.62% and a negative net margin of 3.57%.

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.