Orion Digital (NASDAQ:ORIO – Get Free Report) posted its earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06, Zacks reports. The firm had revenue of $12.29 million during the quarter, compared to analyst estimates of $12.43 million. Orion Digital had a negative net margin of 3.57% and a positive return on equity of 9.32%.
Orion Digital Trading Down 3.9%
Shares of NASDAQ ORIO traded down $0.04 during midday trading on Friday, reaching $0.99. The company’s stock had a trading volume of 88,089 shares, compared to its average volume of 52,241. 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 stock has a 50 day moving average price of $1.04. Orion Digital has a one year low of $0.90 and a one year high of $3.83. The stock has a market capitalization of $23.73 million, a P/E ratio of -12.37 and a beta of 2.48.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Weiss Ratings assumed coverage on shares of Orion Digital in a research note on Wednesday, January 14th. They issued a “sell (d)” rating for the company. Zacks Research raised shares of Orion Digital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company 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.
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