Mogo Finance Technology (TSE:MOGO) Shares Pass Below 50-Day Moving Average of $2.41

Mogo Finance Technology Inc (TSE:MOGO) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.41 and traded as low as $2.09. Mogo Finance Technology shares last traded at $2.15, with a volume of 54,148 shares.

Separately, Raymond James restated an “outperform” rating and set a C$4.00 price objective on shares of Mogo Finance Technology in a research note on Thursday, July 23rd.

The firm has a market capitalization of $62.02 million and a price-to-earnings ratio of -2.49. The company’s 50 day moving average is C$2.41 and its 200-day moving average is C$1.77. The company has a current ratio of 6.62, a quick ratio of 6.19 and a debt-to-equity ratio of 7,881.96.

About Mogo Finance Technology (TSE:MOGO)

Mogo Finance Technology Inc operates as a financial technology company in Canada. The company offers solutions that help consumers to manage and control their finances. It offers free credit score monitoring; MogoProtect, an identity fraud protection solution; MogoCard, a Mogo Visa Platinum Prepaid Card; MogoMortgage, a digital mortgage solution; MogoCrypto account; and MogoMoney that enables the buying and selling of bitcoin, as well as access to consumer credit products.

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