ORIX (NYSE:IX) Shares Gap Down to $122.44

ORIX Co. (NYSE:IX) gapped down before the market opened on Tuesday . The stock had previously closed at $122.44, but opened at $119.59. ORIX shares last traded at $119.60, with a volume of 7,415 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

ORIX Stock Down 0.0 %

The company has a current ratio of 1.81, a quick ratio of 1.77 and a debt-to-equity ratio of 1.38. The company has a 50 day simple moving average of $117.88 and a two-hundred day simple moving average of $111.32. The firm has a market capitalization of $27.46 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.02 and a beta of 0.91.

ORIX (NYSE:IX) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share for the quarter. The company had revenue of $4.54 billion during the quarter. ORIX had a net margin of 13.01% and a return on equity of 9.29%. On average, equities analysts predict that ORIX Co. will post 11.23 EPS for the current fiscal year.

Institutional Trading of ORIX

Several hedge funds have recently made changes to their positions in the business. Addison Advisors LLC bought a new stake in ORIX during the second quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its position in shares of ORIX by 44.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 140 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of ORIX by 573.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 396 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of ORIX by 27.7% in the first quarter. GAMMA Investing LLC now owns 840 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 182 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of ORIX by 135.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 485 shares during the last quarter. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

About ORIX

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.