Orion Digital (NASDAQ:ORIO) Stock Price Up 5.4% – Here’s Why

Orion Digital Corp. (NASDAQ:ORIO) shot up 5.4% during mid-day trading on Thursday . The stock traded as high as $0.8703 and last traded at $0.8702. Approximately 22,895 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 42,067 shares. The stock had previously closed at $0.8255.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Zacks Research lowered shares of Orion Digital from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Weiss Ratings raised 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Orion Digital Stock Up 25.3%

The stock’s fifty day moving average price is $0.78 and its 200 day moving average price is $0.93. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. The stock has a market cap of $26.05 million, a P/E ratio of -2.18 and a beta of 2.47.

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

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.