Orion Digital (NASDAQ:ORIO) Shares Down 1.9% – Time to Sell?

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Orion Digital in a 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 stock. According to MarketBeat, Orion Digital presently has a consensus rating of “Reduce”.

Orion Digital Trading Down 3.0%

The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.47. The stock has a market cap of $20.01 million, a price-to-earnings ratio of -10.44 and a beta of 2.42. The stock’s 50 day moving average price is $0.95.

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

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.