Orion Digital (NASDAQ:ORIO) Issues Earnings Results, Beats Estimates By $0.06 EPS

Orion Digital (NASDAQ:ORIO) released its quarterly earnings data on Thursday. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06, Zacks reports. Orion Digital had a positive return on equity of 9.32% and a negative net margin of 3.57%.The firm had revenue of $12.29 million for the quarter, compared to the consensus estimate of $12.43 million.

Orion Digital Trading Down 3.9%

Orion Digital stock traded down $0.04 during trading hours on Friday, reaching $0.99. 88,089 shares of the company were exchanged, compared to its average volume of 52,241. The firm has a market capitalization of $23.73 million, a price-to-earnings ratio of -12.37 and a beta of 2.48. The company has a current ratio of 1.57, a quick ratio of 1.64 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $1.04. Orion Digital has a 12 month low of $0.90 and a 12 month high of $3.83.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORIO. Zacks Research upgraded Orion Digital from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings assumed coverage on Orion Digital in a research report on Wednesday, January 14th. They set a “sell (d)” rating for the company. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Orion Digital presently has an average 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.