Shares of Mogo Inc. (TSE:MOGO – Get Rating) traded down 1.9% during trading on Wednesday . The stock traded as low as C$1.01 and last traded at C$1.02. 7,525 shares changed hands during trading, a decline of 94% from the average session volume of 124,668 shares. The stock had previously closed at C$1.04.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on MOGO. Raymond James dropped their price objective on Mogo from C$3.75 to C$2.25 and set an “outperform” rating on the stock in a research note on Friday, November 11th. Eight Capital set a C$2.50 price objective on Mogo in a report on Monday, November 14th.
Mogo Stock Performance
The company has a market cap of C$68.36 million and a P/E ratio of -1.48. The business has a fifty day moving average of C$0.83 and a 200 day moving average of C$1.13. The company has a quick ratio of 3.99, a current ratio of 4.64 and a debt-to-equity ratio of 49.72.
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.
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