Mogo Inc. (TSE:MOGO - Get Free Report)'s share price dropped 14.7% during trading on Friday . The company traded as low as C$2.77 and last traded at C$2.96. Approximately 477,727 shares were traded during trading, an increase of 547% from the average daily volume of 73,831 shares. The stock had previously closed at C$3.47.
Analysts Set New Price Targets
Separately, Raymond James Financial lowered their price objective on Mogo from C$4.00 to C$3.00 and set an "outperform" rating for the company in a research report on Friday, March 21st.
Check Out Our Latest Report on MOGO
Mogo Stock Performance
The firm has a market capitalization of C$71.92 million, a price-to-earnings ratio of -4.61 and a beta of 3.31. The company has a quick ratio of 3.99, a current ratio of 0.49 and a debt-to-equity ratio of 123.15. The stock has a 50-day moving average price of C$1.81 and a 200 day moving average price of C$1.66.
Mogo Company Profile
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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.
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