Orix Corp Ads (NYSE:IX) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Orix Corp Ads (NYSE:IXGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.26 and traded as high as $40.33. Orix Corp Ads shares last traded at $39.96, with a volume of 151,799 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Zacks Research cut shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings upgraded Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Get Our Latest Research Report on Orix Corp Ads

Orix Corp Ads Price Performance

The stock has a market capitalization of $44.36 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 0.73 and a beta of 0.87. The company has a fifty day simple moving average of $39.62 and a 200 day simple moving average of $36.26. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.07 and a current ratio of 2.15.

Orix Corp Ads (NYSE:IXGet Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 EPS for the quarter. The company had revenue of $7.06 billion for the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%. Equities research analysts forecast that Orix Corp Ads will post 5.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Atlas Capital Advisors Inc. acquired a new stake in Orix Corp Ads during the fourth quarter worth approximately $28,000. Kestra Advisory Services LLC acquired a new stake in shares of Orix Corp Ads during the 4th quarter worth approximately $35,000. Geneos Wealth Management Inc. increased its stake in shares of Orix Corp Ads by 4,325.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 2,033 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Orix Corp Ads by 40.7% in the 1st quarter. V Square Quantitative Management LLC now owns 1,617 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 468 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Orix Corp Ads by 8,083.8% during the 1st quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 5,497 shares during the period. 1.73% of the stock is owned by institutional investors.

About Orix Corp Ads

(Get Free Report)

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.

Further Reading

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