Orion Digital (NASDAQ:ORIO) Releases Quarterly Earnings Results

Orion Digital (NASDAQ:ORIO) posted its earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. Orion Digital had a negative net margin of 24.49% and a negative return on equity of 6.17%.

Orion Digital Price Performance

ORIO stock traded down $0.02 during midday trading on Thursday, hitting $1.00. 76,213 shares of the company’s stock were exchanged, compared to its average volume of 54,407. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.52. Orion Digital has a 12-month low of $0.61 and a 12-month high of $1.55. The firm has a 50 day moving average price of $0.99 and a 200-day moving average price of $0.96.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ORIO. Zacks Research downgraded shares of Orion Digital from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of Orion Digital from a “sell (d-)” rating to a “sell (d)” rating in a research note 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’s stock. According to MarketBeat, the company currently 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.