Orix Corp Ads (NYSE:IX) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Orix Corp Ads (NYSE:IX)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Zacks Research lowered 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 shares of Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Orix Corp Ads Trading Down 2.9%

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 $37.94 and a two-hundred day simple moving average of $36.18. The firm has a market cap of $38.64 billion, a PE ratio of 9.61, a P/E/G ratio of 0.72 and a beta of 0.92.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share 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 for the quarter. Analysts expect that Orix Corp Ads will post 5.16 EPS for the current fiscal year.

Institutional Trading of Orix Corp Ads

Institutional investors and hedge funds have recently bought and sold shares of the business. Livelsberger Financial Advisory purchased a new stake in shares of Orix Corp Ads in the 3rd quarter valued at $27,000. First Command Advisory Services Inc. raised its holdings in shares of Orix Corp Ads by 477.8% during the third quarter. First Command Advisory Services Inc. now owns 1,069 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 884 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new position in shares of Orix Corp Ads during the third quarter worth $48,000. Integrated Wealth Concepts LLC purchased a new position in shares of Orix Corp Ads during the second quarter worth $136,000. Finally, Farther Finance Advisors LLC lifted its position in Orix Corp Ads by 13.9% during the third quarter. Farther Finance Advisors LLC now owns 4,437 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 543 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 and investment company headquartered in Tokyo, Japan. Founded in 1964 as Orient Leasing, it initially focused on leasing and has since expanded into a broad range of financial and operating businesses.

The company provides leasing, lending, insurance, banking, and asset management services. Its activities also include real estate development and management, private equity and investment, aircraft leasing, and environmental and renewable energy projects.

ORIX serves customers and invests in businesses across Japan and international markets, including the Americas, Europe, the Middle East, and Asia-Pacific.