Orix Corp Ads (NYSE:IX) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Orix Corp Ads (NYSE:IX)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.96 and traded as high as $35.52. Orix Corp Ads shares last traded at $35.3750, with a volume of 677,772 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Orix Corp Ads in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Orix Corp Ads Stock Performance

The company has a quick ratio of 1.77, a current ratio of 1.82 and a debt-to-equity ratio of 1.29. The company has a fifty day moving average price of $31.40 and a 200 day moving average price of $27.96. The stock has a market cap of $40.32 billion, a PE ratio of 12.68, a P/E/G ratio of 0.85 and a beta of 0.74.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.38 billion. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%. Analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current year.

Institutional Trading of Orix Corp Ads

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IX. Caprock Group LLC purchased a new position in shares of Orix Corp Ads during the third quarter valued at about $659,000. Todd Asset Management LLC lifted its holdings in Orix Corp Ads by 6.1% in the third quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock worth $48,244,000 after buying an additional 105,837 shares during the period. CWM LLC boosted its position in Orix Corp Ads by 121.9% during the 3rd quarter. CWM LLC now owns 93,913 shares of the real estate investment trust’s stock valued at $2,453,000 after acquiring an additional 51,595 shares in the last quarter. Vise Technologies Inc. purchased a new position in shares of Orix Corp Ads during the 2nd quarter worth approximately $892,000. Finally, Simon Quick Advisors LLC bought a new position in shares of Orix Corp Ads in the 2nd quarter worth approximately $338,000. Hedge funds and other institutional investors own 1.73% of the company’s stock.

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.