Mogo (TSE:MOGO) Stock Price Down 10.5%

Mogo Inc. (TSE:MOGOGet Rating) shares traded down 10.5% during mid-day trading on Friday . The stock traded as low as C$1.19 and last traded at C$1.19. 289,849 shares changed hands during trading, a decline of 10% from the average session volume of 320,884 shares. The stock had previously closed at C$1.33.

Several equities analysts have recently issued reports on the company. BTIG Research reissued a “buy” rating and set a C$4.00 target price on shares of Mogo in a research note on Friday, May 13th. Eight Capital reduced their target price on Mogo from C$16.00 to C$10.25 in a research note on Friday, March 25th. Finally, Raymond James reduced their target price on Mogo from C$8.00 to C$4.00 and set an “outperform” rating on the stock in a research note on Friday, May 13th.

The stock has a market capitalization of C$86.73 million and a PE ratio of -1.89. The business has a 50 day moving average price of C$2.04 and a 200 day moving average price of C$3.04. The company has a debt-to-equity 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 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.

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