Orion Digital (NASDAQ:ORIO) Posts Earnings Results

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

Orion Digital Stock Up 2.3%

Orion Digital stock traded up $0.01 during midday trading on Thursday, hitting $0.67. 95,647 shares of the company were exchanged, compared to its average volume of 41,333. The company has a market cap of $16.07 million, a PE ratio of -8.41 and a beta of 2.47. The company’s fifty day moving average price is $0.79 and its 200-day moving average price is $0.97. Orion Digital has a fifty-two week low of $0.61 and a fifty-two week high of $2.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.43.

Analysts Set New Price Targets

ORIO has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Digital in a research note on Thursday, June 11th. Zacks Research lowered shares of Orion Digital from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. One research 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 company currently has an average 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.