Tidal Investments LLC Sells 84,150 Shares of Mogo Inc. (NASDAQ:MOGO)

Tidal Investments LLC cut its stake in shares of Mogo Inc. (NASDAQ:MOGO) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,235,787 shares of the company’s stock after selling 84,150 shares during the period. Tidal Investments LLC owned about 5.05% of Mogo worth $1,458,000 as of its most recent SEC filing.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $6.00 price objective on shares of Mogo in a research note on Thursday, November 7th.

Mogo Price Performance

Shares of NASDAQ:MOGO opened at $1.44 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $1.26 and its two-hundred day simple moving average is $1.32. Mogo Inc. has a 1-year low of $0.94 and a 1-year high of $2.25. The stock has a market cap of $35.24 million, a PE ratio of -3.06 and a beta of 2.95.

About Mogo

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.