Orion Digital (NASDAQ:ORIO) Shares Up 5.4% – Here’s What Happened

Orion Digital Corp. (NASDAQ:ORIO) was up 5.4% during trading on Thursday . The company traded as high as $0.8703 and last traded at $0.8702. 22,895 shares were traded during trading, a decline of 46% from the average daily volume of 42,067 shares. The stock had previously closed at $0.8255.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ORIO shares. Weiss Ratings raised shares of Orion Digital from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Zacks Research cut shares of Orion Digital from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Orion Digital presently has a consensus rating of “Reduce”.

Orion Digital Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market cap of $20.80 million, a price-to-earnings ratio of -1.74 and a beta of 2.47. The company has a fifty day moving average price of $0.78 and a two-hundred day moving average price of $0.93.

Orion Digital (NASDAQ:ORIO) last released its earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter. Orion Digital had a negative return on equity of 6.17% and a negative net margin of 24.49%.The firm had revenue of $12.18 million for the quarter.

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.