November 8, 2019 at 10:28 pm

Mogo Finance Technology (NASDAQ:MOGO) Raised to Buy at ValuEngine


Mogo Finance Technology (NASDAQ:MOGO) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday, ValuEngine reports.

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MOGO has been the topic of several other research reports. BMO Capital Markets lowered shares of Mogo Finance Technology from an “outperform” rating to a “market perform” rating in a report on Friday, August 16th. Mackie set a $10.00 price objective on shares of Mogo Finance Technology and gave the company a “buy” rating in a report on Wednesday, September 4th.

Shares of NASDAQ MOGO traded down $0.06 during trading on Friday, hitting $2.75. 6,400 shares of the company traded hands, compared to its average volume of 14,896. The business’s fifty day moving average is $3.18 and its 200 day moving average is $3.20. Mogo Finance Technology has a fifty-two week low of $1.98 and a fifty-two week high of $4.05. The firm has a market capitalization of $79.65 million, a price-to-earnings ratio of -3.99 and a beta of 1.73. The company has a debt-to-equity ratio of 3.92, a quick ratio of 1.18 and a current ratio of 1.18.

Mogo Finance Technology (NASDAQ:MOGO) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.01. The company had revenue of $12.24 million for the quarter, compared to analyst estimates of $12.85 million. On average, analysts predict that Mogo Finance Technology will post -0.71 EPS for the current year.

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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