Orion Digital (NASDAQ:ORIO) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of Orion Digital (NASDAQ:ORIO – Free Report) from a strong-buy rating to a hold rating in a report released on Thursday morning,Zacks.com reports.

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

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Orion Digital Stock Performance

Shares of NASDAQ:ORIO opened at $0.65 on Thursday. The stock has a market capitalization of $15.48 million, a price-to-earnings ratio of -8.10 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.43. Orion Digital has a 52-week low of $0.61 and a 52-week high of $2.07. The stock has a fifty day moving average of $0.82.

Orion Digital (NASDAQ:ORIO – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. Orion Digital had a positive return on equity of 9.62% and a negative net margin of 3.57%.The business had revenue of $12.29 million for the quarter, compared to the consensus estimate of $12.43 million.

Orion Digital 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.

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