Orion Digital (NASDAQ:ORIO) Issues Quarterly Earnings Results

Orion Digital (NASDAQ:ORIO) issued its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.06, Zacks reports. Orion Digital had a positive return on equity of 9.32% and a negative net margin of 3.57%.The company had revenue of $12.29 million for the quarter, compared to analysts’ expectations of $12.43 million.

Orion Digital Price Performance

Shares of NASDAQ:ORIO traded down $0.04 during trading hours on Friday, hitting $0.99. 88,089 shares of the company’s stock traded hands, compared to its average volume of 52,241. Orion Digital has a 1 year low of $0.90 and a 1 year high of $3.83. The firm has a fifty day simple moving average of $1.04. The firm has a market cap of $23.73 million, a price-to-earnings ratio of -12.37 and a beta of 2.48. The company has a quick ratio of 1.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.44.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ORIO. Zacks Research raised Orion Digital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings started coverage on Orion Digital in a research report on Wednesday, January 14th. They set a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.