Zacks Research Downgrades Orion Digital (NASDAQ:ORIO) to Hold

Orion Digital (NASDAQ:ORIO) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings reissued 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Orion Digital Stock Performance

ORIO stock opened at $0.65 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.43. The company’s 50-day moving average is $0.82. The firm has a market cap of $15.48 million, a P/E ratio of -8.10 and a beta of 2.42. Orion Digital has a 52-week low of $0.61 and a 52-week high of $2.07.

Orion Digital (NASDAQ:ORIO) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.06. The firm had revenue of $12.29 million during the quarter, compared to the consensus estimate of $12.43 million. Orion Digital had a positive return on equity of 9.62% and a negative net margin of 3.57%.

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.