Mogo (NASDAQ:MOGO) Trading Down 2.2%

Shares of Mogo Inc. (NASDAQ:MOGO) dropped 2.2% during mid-day trading on Friday . The company traded as low as $1.81 and last traded at $1.81. Approximately 59,842 shares traded hands during trading, a decline of 17% from the average daily volume of 72,069 shares. The stock had previously closed at $1.85.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $8.00 price target on shares of Mogo in a report on Thursday, March 21st.

Mogo Trading Down 2.2 %

The stock’s fifty day moving average price is $1.91 and its 200-day moving average price is $1.67. The company has a current ratio of 1.71, a quick ratio of 1.61 and a debt-to-equity ratio of 0.39.

Mogo (NASDAQ:MOGO) last released its quarterly earnings data on Wednesday, March 20th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $12.60 million for the quarter, compared to analyst estimates of $11.24 million. Mogo had a negative net margin of 27.68% and a negative return on equity of 14.98%. Equities research analysts anticipate that Mogo Inc. will post -0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC acquired a new position in Mogo in the 1st quarter valued at approximately $27,000. Jane Street Group LLC acquired a new position in Mogo in the 4th quarter valued at approximately $30,000. Millennium Management LLC acquired a new position in Mogo in the 4th quarter valued at approximately $82,000. Mariner LLC increased its stake in Mogo by 17.1% in the 4th quarter. Mariner LLC now owns 1,349,203 shares of the company’s stock valued at $714,000 after buying an additional 196,785 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Mogo by 88.8% during the 3rd quarter. Royal Bank of Canada now owns 41,855 shares of the company’s stock worth $38,000 after purchasing an additional 19,682 shares during the last quarter. Institutional investors and hedge funds own 14.79% of the company’s stock.

About Mogo

Mogo Inc operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada.