Orix Corp Ads (NYSE:IX) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Orix Corp Ads (NYSE:IX) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $32.41 and traded as high as $39.65. Orix Corp Ads shares last traded at $39.3450, with a volume of 267,901 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IX shares. Wall Street Zen lowered shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Orix Corp Ads in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Orix Corp Ads Trading Up 2.4%

The company has a quick ratio of 1.71, a current ratio of 1.76 and a debt-to-equity ratio of 1.30. The firm’s 50-day moving average price is $35.35 and its 200 day moving average price is $32.41. The company has a market capitalization of $43.68 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.28 and a beta of 0.88.

Orix Corp Ads (NYSE:IX) last posted its earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 EPS for the quarter. The company had revenue of $6.03 billion during the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. As a group, equities research analysts predict that Orix Corp Ads will post 2.96 earnings per share for the current year.

Institutional Investors Weigh In On Orix Corp Ads

Several hedge funds and other institutional investors have recently made changes to their positions in IX. Atlas Capital Advisors Inc. bought a new stake in shares of Orix Corp Ads during the fourth quarter worth about $28,000. V Square Quantitative Management LLC bought a new stake in Orix Corp Ads in the 4th quarter worth about $34,000. Kestra Advisory Services LLC bought a new stake in Orix Corp Ads in the 4th quarter worth about $35,000. Geneos Wealth Management Inc. grew its position in Orix Corp Ads by 4,325.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 2,033 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Orix Corp Ads by 56.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 1,160 shares in the last quarter. 1.73% of the stock is owned by institutional investors.

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.