Orix Corp Ads (NYSE:IX) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Orix Corp Ads shares crossed above their 200-day moving average, reaching $40.33 before closing near $39.96, compared with a 200-day average of $36.26.
• Analyst sentiment remains positive but mixed: recent firms downgraded the stock to Hold, while Weiss Ratings upgraded it to Buy. The overall consensus is “Moderate Buy.”
• The company reported quarterly EPS of $1.57 on $7.06 billion in revenue, with analysts projecting full-year EPS of $5.52; institutional investors own 1.73% of the shares.

Shares of Orix Corp Ads (NYSE:IX - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Several research firms have issued reports on IX. 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. Wall Street Zen cut Orix Corp Ads from a "buy" rating to a "hold" rating in a research report on Sunday, June 7th. Finally, Weiss Ratings raised Orix Corp Ads from a "hold (c+)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Orix Corp Ads Trading Down 3.0%

The stock has a fifty day moving average of $39.62 and a two-hundred day moving average of $36.26. The company has a market capitalization of $44.36 billion, a PE ratio of 11.04, a PEG ratio of 0.75 and a beta of 0.87. The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%.The business had revenue of $7.06 billion during the quarter. As a group, sell-side analysts anticipate that Orix Corp Ads will post 5.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orix Corp Ads

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

About Orix Corp Ads

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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