Orion Digital (NASDAQ:ORIO) Releases Earnings Results

Orion Digital (NASDAQ:ORIO) announced its quarterly earnings data on Thursday. The company reported $0.03 EPS for the quarter, Zacks reports. Orion Digital had a negative net margin of 3.57% and a positive return on equity of 9.62%.

Orion Digital Price Performance

Shares of ORIO stock traded up $0.01 during mid-day trading on Thursday, hitting $0.67. The company had a trading volume of 95,647 shares, compared to its average volume of 41,333. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.43. The stock’s 50 day moving average price is $0.79 and its 200-day moving average price is $0.97. Orion Digital has a 52-week low of $0.61 and a 52-week high of $2.07. The company has a market capitalization of $16.07 million, a P/E ratio of -8.41 and a beta of 2.47.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research lowered Orion Digital from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Orion Digital in a research report on Thursday, June 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus 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.