Orix Corp Ads (NYSE:IX) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Technical signal: Orix's ADS price crossed above its 200-day moving average of $28.50, trading as high as $32.53 and last at $31.8650 on volume of 538,644 shares.
• Earnings beat: The company reported Q results that topped estimates — EPS $0.69 vs. $0.51 expected and revenue $4.78B vs. $4.38B — with a 15.04% net margin and 10.69% ROE.
• Mixed analyst and institutional activity: Wall Street Zen recently downgraded IX to a "hold" while Weiss kept a "buy," MarketBeat shows an average rating of "Buy," and several large institutions (e.g., Morgan Stanley, BofA) have added to positions even as institutional ownership is reported at 1.73%.

Orix Corp Ads (NYSE:IX - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $28.50 and traded as high as $32.53. Orix Corp Ads shares last traded at $31.8650, with a volume of 538,644 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IX shares. Wall Street Zen downgraded Orix Corp Ads from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Weiss Ratings reissued a "buy (b-)" rating on shares of Orix Corp Ads in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy".

Orix Corp Ads Trading Down 1.1%

The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.77 and a current ratio of 1.82. The company's 50 day moving average is $32.21 and its 200 day moving average is $28.50. The stock has a market capitalization of $36.32 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.78 and a beta of 0.71.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.18. Orix Corp Ads had a net margin of 15.04% and a return on equity of 10.69%. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.38 billion. On average, research analysts forecast that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Orix Corp Ads

Several institutional investors and hedge funds have recently added to or reduced their stakes in IX. Morgan Stanley lifted its position in shares of Orix Corp Ads by 1.5% in the 4th quarter. Morgan Stanley now owns 5,117,942 shares of the real estate investment trust's stock worth $149,546,000 after acquiring an additional 74,473 shares during the period. Bank of America Corp DE increased its position in shares of Orix Corp Ads by 0.9% during the third quarter. Bank of America Corp DE now owns 2,375,278 shares of the real estate investment trust's stock valued at $62,042,000 after purchasing an additional 21,330 shares during the period. Todd Asset Management LLC increased its position in shares of Orix Corp Ads by 6.1% during the third quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust's stock valued at $48,244,000 after purchasing an additional 105,837 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Orix Corp Ads by 8.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,147,000 shares of the real estate investment trust's stock valued at $29,960,000 after purchasing an additional 88,100 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Orix Corp Ads by 17.6% in the third quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust's stock valued at $16,699,000 after purchasing an additional 95,796 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

Orix Corp Ads Company Profile

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.

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