Mogo Finance Technology (MOGO) Issues Quarterly Revenue Results, Beats Estimates By $0.04 EPS

Mogo Finance Technology (MOGO) Issues Quarterly  Revenue Results, Beats Estimates By $0.04 EPS

Shares of NASDAQ:MOGO opened at $2.71 on Thursday. Mogo Finance Technology has a 52-week low of $1.98 and a 52-week high of $4.00. The firm has a market capitalization of $59.07 million and a P/E ratio of -3.93. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 30.89.

Mogo Finance Technology (NASDAQ:MOGO) announced its earnings results on Tuesday. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.04, Morningstar.com reports. Mogo Finance Technology had a negative net margin of 35.90% and a negative return on equity of 1,643.81%. The company had revenue of $12.19 million during the quarter, compared to analyst estimates of $11.89 million.

Separately, B. Riley initiated coverage on shares of Mogo Finance Technology in a research report on Thursday, November 15th. They issued a “buy” rating and a $7.00 target price for the company.

Large investors have recently made changes to their positions in the stock. Two Sigma Investments LP purchased a new position in Mogo Finance Technology in the fourth quarter worth $118,000. JPMorgan Chase & Co. grew its position in Mogo Finance Technology by 225.0% in the third quarter. JPMorgan Chase & Co. now owns 65,000 shares of the company’s stock worth $217,000 after acquiring an additional 45,000 shares in the last quarter. Finally, Nicola Wealth Management LTD. purchased a new position in Mogo Finance Technology in the third quarter worth $588,000. Institutional investors own 5.49% of the company’s stock.

About Mogo Finance Technology

Mogo Finance Technology Inc operates as a financial technology company in Canada. The company offers its products to help consumers enhance their financial health. It offers digital access to free monthly credit score monitoring; MogoCard, a Mogo Platinum Prepaid Visa card; MogoMoney personal loans; MogoProtect to identity fraud protection; and MogoMortgage, a digital mortgage brokerage solution.

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