ORIX (NYSE:IX) Sees Unusually-High Trading Volume – Still a Buy?

Shares of ORIX Co. (NYSE:IX) saw an uptick in trading volume on Tuesday . 6,992 shares were traded during trading, a decline of 62% from the previous session’s volume of 18,625 shares.The stock last traded at $107.62 and had previously closed at $109.00.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered ORIX from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

ORIX Price Performance

The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.37 and a current ratio of 1.40. The company has a market capitalization of $25.10 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.06 and a beta of 0.91. The company has a 50-day moving average price of $111.08 and a 200-day moving average price of $112.99.

Institutional Investors Weigh In On ORIX

Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in shares of ORIX by 22.3% during the first quarter. Advisors Asset Management Inc. now owns 5,611 shares of the real estate investment trust’s stock worth $618,000 after acquiring an additional 1,022 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of ORIX by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 175,640 shares of the real estate investment trust’s stock valued at $19,356,000 after purchasing an additional 30,400 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of ORIX by 44.7% in 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 period. GAMMA Investing LLC lifted its holdings in shares of ORIX by 26.2% in the second quarter. GAMMA Investing LLC now owns 1,060 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 220 shares in the last quarter. Finally, CWM LLC boosted its position in shares of ORIX by 10.8% during the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 93 shares during the period. Institutional investors own 1.73% of the company’s stock.

ORIX Company Profile

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.