Mogo (TSE:MOGO) trades down 2.5%


Mogo Inc. (TSE:MOGO – Get Rating) stock price fell 2.5% on Friday. The stock traded as low as C$1.16 and last traded at C$1.19. Around 87,542 shares were traded at midday, down 72% from the average daily volume of 315,010 shares. The stock had previously closed at C$1.22.

Several research companies have commented on MOGO. Eight Capital lowered its price target on Mogo shares from C$16.00 to C$10.25 in a Friday, March 25 research note. Raymond James lowered his price target on Mogo shares from CA$8.00 to CA$4.00 and set an “outperform” rating for the company in a Friday, May 13 research note. Finally, BTIG Research rephrased a “buy” rating and posted a C$4.00 price target on Mogo shares in a research note on Friday, May 13.

The company has a market cap of C$91.33 million and a price-to-earnings ratio of -1.69. The company’s 50-day simple moving average is C$1.53 and its 200-day simple moving average is C$2.59. The company has a debt ratio of 39.12, a current ratio of 4.02 and a quick ratio of 3.61.

About Mogo (TSE: MOGO)

Mogo Inc operates as a financial technology company in Canada and internationally. The company provides digital solutions for consumers to control their financial health. It offers the Mogo app to access a digital spending account with the Mogo Visa Platinum prepaid card; MogoCrypto which allows the purchase and sale of bitcoins; MogoProtect, free identity fraud protection and monthly credit score monitoring; MogoMortgage, a digital mortgage experience; and MogoMoney which provides access to personal loans.

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