Orix Corp Ads (NYSE:IX) Shares Cross Below 200 Day Moving Average - Here's Why

Key Points

• Shares fell below their 200-day moving average of $36.16, trading as low as $35.68 before last changing hands at $35.759.
• Analyst views are mixed: Weiss Ratings upgraded the stock to Buy, while Zacks Research cut its rating to Hold. MarketBeat reports a consensus rating of Moderate Buy.
• ORIX reported quarterly earnings of $1.57 per share on $7.06 billion in revenue; analysts expect full-year earnings of $5.16 per share.

Orix Corp Ads (NYSE:IX - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $36.16 and traded as low as $35.68. Orix Corp Ads shares last traded at $35.7590, with a volume of 591,795 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on IX shares. Weiss Ratings upgraded shares of Orix Corp Ads from a "hold (c+)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Zacks Research lowered shares of Orix Corp Ads from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Orix Corp Ads presently has a consensus rating of "Moderate Buy".

Orix Corp Ads Trading Down 3.5%

The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.07 and a current ratio of 2.15. The company has a 50-day simple moving average of $38.02 and a 200 day simple moving average of $36.16. The company has a market capitalization of $39.70 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.72 and a beta of 0.92.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share for the quarter. The company had revenue of $7.06 billion during the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%. Sell-side analysts expect that Orix Corp Ads will post 5.16 earnings per share for the current year.

Hedge Funds Weigh In On Orix Corp Ads

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in Orix Corp Ads by 0.9% in the 1st quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust's stock valued at $86,788,000 after buying an additional 25,662 shares during the period. Quantinno Capital Management LP raised its stake in shares of Orix Corp Ads by 16.3% in the 1st quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust's stock valued at $27,723,000 after buying an additional 129,739 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Orix Corp Ads by 8.5% in the 2nd quarter. QRG Capital Management Inc. now owns 166,395 shares of the real estate investment trust's stock valued at $6,330,000 after buying an additional 13,092 shares in the last quarter. Gradient Investments LLC lifted its holdings in shares of Orix Corp Ads by 4.9% during the 2nd quarter. Gradient Investments LLC now owns 165,151 shares of the real estate investment trust's stock worth $6,282,000 after acquiring an additional 7,697 shares during the period. Finally, Calamos Wealth Management LLC lifted its holdings in shares of Orix Corp Ads by 16.3% during the 1st quarter. Calamos Wealth Management LLC now owns 163,340 shares of the real estate investment trust's stock worth $4,899,000 after acquiring an additional 22,938 shares during the period. 1.73% of the stock is currently owned by institutional investors and hedge funds.

About Orix Corp Ads

ORIX Corporation is a diversified financial services company headquartered in Tokyo, Japan. Founded in 1964 as a leasing business, the company has expanded into a broad range of services for corporate and retail customers, including equipment and automobile leasing, loans, investment products, insurance, and banking-related services.

ORIX also operates businesses in real estate, private equity and concession investments, aircraft leasing, ships and transportation equipment, and environmental and energy services.

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