Orion Digital (NASDAQ:ORIO) Posts Quarterly Earnings Results

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

Orion Digital Stock Up 9.0%

NASDAQ ORIO traded up $0.09 during trading on Friday, hitting $1.09. The stock had a trading volume of 145,035 shares, compared to its average volume of 48,499. The company has a market capitalization of $25.92 million, a PE ratio of -2.42 and a beta of 2.48. The company’s 50-day moving average price is $0.99 and its two-hundred day moving average price is $0.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 1.52. Orion Digital has a 12 month low of $0.61 and a 12 month high of $1.45.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ORIO shares. Weiss Ratings raised shares of Orion Digital from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Zacks Research cut Orion Digital from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. One investment 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 stock 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.