Mogo (TSE:MOGO) Stock Price Down 3.5% – Here’s Why

Shares of Mogo Inc. (TSE:MOGO) traded down 3.5% during mid-day trading on Monday . The stock traded as low as C$1.60 and last traded at C$1.65. 96,483 shares were traded during trading, an increase of 34% from the average session volume of 71,952 shares. The stock had previously closed at C$1.71.

Mogo Price Performance

The company has a quick ratio of 3.99, a current ratio of 0.49 and a debt-to-equity ratio of 123.15. The company has a market cap of C$39.23 million, a PE ratio of 5.32 and a beta of 3.34. The stock has a 50-day simple moving average of C$2.15 and a 200 day simple moving average of C$2.26.

Mogo (TSE:MOGO) last released its quarterly earnings results on Friday, November 7th. The company reported C($0.19) earnings per share for the quarter. The business had revenue of C$16.96 million for the quarter. Mogo had a negative return on equity of 18.65% and a negative net margin of 22.18%. Equities analysts expect that Mogo Inc. will post -0.23 EPS for the current year.

About Mogo

Mogo, one of Canada’s leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo’s trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo’s wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo’s digital wealth platform.