Orion Digital (NASDAQ:ORIO) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Orion Digital (NASDAQ:ORIO) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Orion Digital in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Orion Digital Trading Up 7.6%

Shares of NASDAQ ORIO opened at $0.87 on Wednesday. Orion Digital has a 12-month low of $0.81 and a 12-month high of $2.67. The company has a market cap of $20.83 million, a P/E ratio of -10.86 and a beta of 2.42. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $0.94.

Orion Digital (NASDAQ:ORIO) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping 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 firm had revenue of $12.29 million during the quarter, compared to the consensus estimate of $12.43 million. As a group, equities analysts forecast that Orion Digital will post -0.1 earnings per share for the current fiscal year.

Orion Digital Company Profile

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.