Orion Digital (NASDAQ:ORIO) Shares Cross Above 200 Day Moving Average – Here’s Why

Orion Digital Corp. (NASDAQ:ORIO) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ORIO shares. Weiss Ratings raised Orion Digital from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Zacks Research lowered Orion Digital from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Orion Digital Stock Up 9.0%

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. The company’s 50 day simple moving average is $0.99 and its 200 day simple moving average is $0.96.

Orion Digital (NASDAQ:ORIO) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.01) EPS for the quarter. Orion Digital had a negative net margin of 24.49% and a negative return on equity of 6.17%. The firm had revenue of $12.17 million during the quarter.

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.