Mogo (TSE:MOGO) Shares Cross Below 50 Day Moving Average – Should You Sell?

Mogo Inc. (TSE:MOGO) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.65 and traded as low as C$1.25. Mogo shares last traded at C$1.36, with a volume of 49,850 shares trading hands.

Analysts Set New Price Targets

Separately, Raymond James decreased their target price on Mogo from C$4.00 to C$3.00 and set an “outperform” rating on the stock in a research report on Friday.

Mogo Stock Performance

The business has a 50-day moving average price of C$1.64 and a 200-day moving average price of C$1.71. 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 firm has a market capitalization of C$32.71 million, a P/E ratio of -2.10 and a beta of 3.31.

Mogo Company Profile

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.