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Mogo Finance Technology (NASDAQ:MOGO) Releases Earnings Results, Beats Expectations By $0.01 EPS

Mogo Finance Technology (NASDAQ:MOGO) issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.01, reports. Mogo Finance Technology had a negative return on equity of 58,807.58% and a negative net margin of 13.26%. The business had revenue of $12.56 million during the quarter, compared to analysts’ expectations of $12.20 million.

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MOGO traded up $0.05 on Friday, hitting $2.86. 600 shares of the company were exchanged, compared to its average volume of 10,139. Mogo Finance Technology has a twelve month low of $1.98 and a twelve month high of $4.05. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.76. The company has a market cap of $76.54 million, a price-to-earnings ratio of -4.14 and a beta of 1.73. The firm has a 50-day moving average price of $3.13 and a two-hundred day moving average price of $3.18.

Several research analysts recently commented on MOGO shares. ValuEngine raised Mogo Finance Technology from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Mackie set a $10.00 target price on Mogo Finance Technology and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, BMO Capital Markets cut Mogo Finance Technology from an “outperform” rating to a “market perform” rating in a research note on Friday, August 16th.

About Mogo Finance Technology

Mogo Finance Technology Inc operates as a financial technology company in Canada. The company offers solutions that help consumers to manage and control their finances. It offers free credit score monitoring; MogoProtect, an identity fraud protection solution; MogoCard, a Mogo Visa Platinum Prepaid Card; MogoMortgage, a digital mortgage solution; MogoCrypto account; and MogoMoney that enables the buying and selling of bitcoin, as well as access to consumer credit products.

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Earnings History for Mogo Finance Technology (NASDAQ:MOGO)

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