Mogo (TSE:MOGO) Stock Price Down 3.5% – What’s Next?

by · The Markets Daily

Mogo Inc. (TSE:MOGO – Get Free Report) shares dropped 3.5% on Monday . The company traded as low as C$1.60 and last traded at C$1.65. Approximately 96,483 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 71,952 shares. The stock had previously closed at C$1.71.

Mogo Stock Down 1.8%

The stock’s 50 day simple moving average is C$2.11 and its two-hundred day simple moving average is C$2.25. The firm has a market cap of C$39.47 million, a P/E ratio of 5.35 and a beta of 3.34. The company has a debt-to-equity ratio of 123.15, a current ratio of 0.49 and a quick ratio of 3.99.

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

About Mogo

(Get Free Report)

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.

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