Orion Digital (NASDAQ:ORIO) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Orion Digital Corp. (NASDAQ:ORIO) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $0.96 and traded as high as $1.04. Orion Digital shares last traded at $1.02, with a volume of 177,240 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Zacks Research downgraded Orion Digital from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Orion Digital from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Orion Digital has a consensus rating of “Reduce”.

Orion Digital Price Performance

The company has a market capitalization of $24.26 million, a price-to-earnings ratio of -2.04 and a beta of 2.48. The company’s 50 day simple moving average is $0.98 and its 200-day simple moving average is $0.96. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47.

Orion Digital (NASDAQ:ORIO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $12.18 million during the quarter. Orion Digital had a negative net margin of 24.49% and a negative return on equity of 6.17%.

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.