Orion Digital (NASDAQ:ORIO) Announces Earnings Results

Orion Digital (NASDAQ:ORIO) released its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share for the quarter, Zacks reports. Orion Digital had a net margin of 11.41% and a return on equity of 7.78%. The firm had revenue of $12.48 million for the quarter, compared to analyst estimates of $11.60 million.

Orion Digital Price Performance

Shares of ORIO stock traded down $0.01 during mid-day trading on Friday, hitting $1.07. The company had a trading volume of 26,383 shares, compared to its average volume of 88,688. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.64 and a quick ratio of 1.64. The company has a 50 day simple moving average of $1.15. Orion Digital has a 52-week low of $0.74 and a 52-week high of $3.83. The stock has a market capitalization of $25.65 million, a P/E ratio of 4.65 and a beta of 2.57.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings initiated coverage on Orion Digital in a report on Wednesday, January 14th. They issued a “sell (d)” rating for the company. Zacks Research upgraded Orion Digital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Orion Digital currently has an average rating of “Reduce”.

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.