Orion Digital (NASDAQ:ORIO) Stock Price Down 2.2% – Here’s What Happened

Orion Digital Corp. (NASDAQ:ORIO)’s stock price fell 2.2% during trading on Friday. The company traded as low as $0.89 and last traded at $0.89. 33,327 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 70,113 shares. The stock had previously closed at $0.91.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Zacks Research downgraded shares of Orion Digital from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of Orion Digital from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Orion Digital Price Performance

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. The firm’s 50 day simple moving average is $0.98 and its 200 day simple moving average is $0.91. The company has a market capitalization of $21.17 million, a PE ratio of -1.78 and a beta of 2.53.

Orion Digital (NASDAQ:ORIO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter. Orion Digital had a negative net margin of 24.49% and a negative return on equity of 6.17%. The business had revenue of $12.18 million for the quarter.

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.