Mogo (TSE:MOGO) Shares Down 2.5% - Should You Sell?

Key Points

• Mogo Inc.'s stock price decreased by 2.5%, closing at C$2.34 after previously being at C$2.40.
• The company's market capitalization stands at C$56.28 million, with a negative price-to-earnings ratio of -3.61 and a high debt-to-equity ratio of 123.15.
• Mogo is recognized for its digital finance solutions, including commission-free stock trading through its MogoTrade app and automated investing via its subsidiary, Moka.

Mogo Inc. (TSE:MOGO - Get Free Report) shares dropped 2.5% during mid-day trading on Friday . The company traded as low as C$2.33 and last traded at C$2.34. Approximately 37,293 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 73,667 shares. The stock had previously closed at C$2.40.

Mogo Price Performance

The stock has a fifty day moving average of C$2.29 and a 200-day moving average of C$1.79. 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 market capitalization of C$57.00 million, a price-to-earnings ratio of -3.65 and a beta of 3.31.

About Mogo

Mogo, one of Canada's leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo's trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo's wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo's digital wealth platform.