Mogo (TSE:MOGO) Trading Up 5% – Time to Buy?

Mogo Inc. (TSE:MOGO)’s stock price traded up 5% during mid-day trading on Tuesday . The company traded as high as C$1.48 and last traded at C$1.46. 34,936 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 71,115 shares. The stock had previously closed at C$1.39.

Mogo Stock Up 5.0%

The firm has a market cap of C$34.69 million, a price-to-earnings ratio of 4.71 and a beta of 3.34. The firm has a 50 day moving average of C$1.59 and a 200 day moving average of C$2.17. The company has a quick ratio of 3.99, a current ratio of 0.49 and a debt-to-equity ratio of 123.15.

Mogo (TSE:MOGO) last issued its quarterly earnings results on Friday, November 7th. The company reported C($0.19) earnings per share (EPS) for the quarter. The business had revenue of C$16.96 million during the quarter. Mogo had a negative net margin of 22.18% and a negative return on equity of 18.65%. As a group, sell-side analysts predict that Mogo Inc. will post -0.23 earnings per share for the current year.

About Mogo

Mogo, one of Canada’s leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo’s trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo’s wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo’s digital wealth platform. Mogo also offers digital loans and mortgages.