Orion Digital (NASDAQ:ORIO) Shares Down 1.9% – What’s Next?

Orion Digital Corp. (NASDAQ:ORIO) shares were down 1.9% on Thursday . The stock traded as low as $0.8537 and last traded at $0.8550. 49,260 shares changed hands during trading, an increase of 27% from the average daily volume of 38,687 shares. The stock had previously closed at $0.8715.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Orion Digital in a research report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.

Orion Digital Stock Down 1.9%

The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.47. The firm has a market cap of $20.49 million, a P/E ratio of -10.69 and a beta of 2.42. The company has a 50-day simple moving average of $0.96.

Orion Digital (NASDAQ:ORIO) last posted its earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.06. The business had revenue of $12.29 million during the quarter, compared to analysts’ expectations of $12.43 million. Orion Digital had a positive return on equity of 9.62% and a negative net margin of 3.57%. Research analysts expect that Orion Digital Corp. will post -0.24 EPS for the current year.

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.