Zacks Investment Research downgraded shares of ORIX (NYSE:IX) from a buy rating to a hold rating in a research report report published on Thursday.
According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “
NYSE:IX traded down $1.78 during trading hours on Thursday, reaching $80.23. The company had a trading volume of 31,174 shares, compared to its average volume of 24,925. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 1.32. ORIX has a 52 week low of $75.67 and a 52 week high of $100.03. The company has a market cap of $20.57 billion, a PE ratio of 74.29, a price-to-earnings-growth ratio of 1.00 and a beta of 1.18.
ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.
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