Mogo (TSE:MOGO) Stock Passes Below 50 Day Moving Average – Here’s Why

Mogo Inc. (TSE:MOGOGet Free Report)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.55 and traded as low as C$1.32. Mogo shares last traded at C$1.34, with a volume of 14,032 shares trading hands.

Mogo Price Performance

The company has a market capitalization of C$32.29 million, a price-to-earnings ratio of -1.93 and a beta of 3.31. The business has a 50 day moving average price of C$1.54 and a 200-day moving average price of C$1.93. The company has a debt-to-equity ratio of 111.91, a quick ratio of 3.99 and a current ratio of 3.39.

Mogo Company Profile

(Get Free Report)

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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