Orix Corp Ads (NYSE:IX) Shares Cross Above 200 Day Moving Average – Should You Sell?

Orix Corp Ads (NYSE:IX)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.09 and traded as high as $39.78. Orix Corp Ads shares last traded at $38.8310, with a volume of 941,683 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IX. Zacks Research cut Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings raised Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Orix Corp Ads Stock Down 2.3%

The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20. The firm has a market cap of $43.11 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.72 and a beta of 0.88. The firm’s 50 day simple moving average is $39.55 and its two-hundred day simple moving average is $36.09.

Orix Corp Ads (NYSE:IX) last announced 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 net margin of 18.02% and a return on equity of 13.11%. The firm had revenue of $7.06 billion for the quarter. On average, equities analysts forecast that Orix Corp Ads will post 5.52 EPS for the current year.

Institutional Investors Weigh In On Orix Corp Ads

Large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LP increased its stake in Orix Corp Ads by 7.3% during the 2nd quarter. Corient Private Wealth LP now owns 45,724 shares of the real estate investment trust’s stock worth $1,739,000 after acquiring an additional 3,113 shares during the period. HB Wealth Management LLC lifted its position in shares of Orix Corp Ads by 12.1% during the 2nd quarter. HB Wealth Management LLC now owns 16,751 shares of the real estate investment trust’s stock valued at $637,000 after acquiring an additional 1,802 shares during the period. Plan A Wealth LLC lifted its position in shares of Orix Corp Ads by 8.1% during the 2nd quarter. Plan A Wealth LLC now owns 27,237 shares of the real estate investment trust’s stock valued at $1,036,000 after acquiring an additional 2,037 shares during the period. Syon Capital LLC grew its holdings in shares of Orix Corp Ads by 4.5% during the 2nd quarter. Syon Capital LLC now owns 29,862 shares of the real estate investment trust’s stock worth $1,136,000 after purchasing an additional 1,273 shares in the last quarter. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Orix Corp Ads in the second quarter worth $1,097,000. Institutional investors and hedge funds 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.