Mogo (TSE:MOGO) Reaches New 1-Year Low at $0.77

Mogo Inc. (TSE:MOGO – Get Rating)’s share price reached a new 52-week low on Wednesday . The company traded as low as C$0.77 and last traded at C$0.77, with a volume of 121273 shares changing hands. The stock had previously closed at C$0.79.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MOGO. Eight Capital set a C$2.50 price target on shares of Mogo in a report on Monday, November 14th. Raymond James lowered their target price on shares of Mogo from C$3.75 to C$2.25 and set an “outperform” rating on the stock in a research note on Friday, November 11th.

Mogo Stock Up 2.6 %

The business’s 50 day moving average is C$1.00 and its 200-day moving average is C$1.25. The company has a debt-to-equity ratio of 49.72, a quick ratio of 3.99 and a current ratio of 4.64. The firm has a market capitalization of C$60.00 million and a price-to-earnings ratio of -1.12.

Mogo Company Profile

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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.