Orion Digital (NASDAQ:ORIO) Posts Earnings Results

Orion Digital (NASDAQ:ORIO) posted its earnings results on Thursday. The company reported $0.03 EPS for the quarter, Zacks reports. Orion Digital had a positive return on equity of 9.62% and a negative net margin of 3.57%.

Orion Digital Price Performance

Shares of Orion Digital stock traded up $0.01 during trading hours on Thursday, reaching $0.67. The company’s stock had a trading volume of 95,647 shares, compared to its average volume of 41,333. The firm has a 50 day moving average price of $0.79 and a 200-day moving average price of $0.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $16.07 million, a P/E ratio of -8.41 and a beta of 2.47. Orion Digital has a one year low of $0.61 and a one year high of $2.07.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research cut Orion Digital from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Digital in a report on Thursday, June 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average 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.