ORIX (NYSE:IX) Shares Gap Down – Here’s Why

Shares of ORIX Co. (NYSE:IX) gapped down prior to trading on Wednesday . The stock had previously closed at $111.50, but opened at $108.36. ORIX shares last traded at $107.98, with a volume of 3,600 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded ORIX from a “hold” rating to a “buy” rating in a research note on Tuesday.

ORIX Trading Up 0.5 %

The company has a quick ratio of 1.77, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $25.15 billion, a P/E ratio of 9.34, a PEG ratio of 0.95 and a beta of 0.91. The firm has a 50 day moving average of $113.51 and a 200-day moving average of $112.78.

Institutional Investors Weigh In On ORIX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in ORIX by 9.9% during the third quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock worth $75,164,000 after purchasing an additional 58,178 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in ORIX by 12.5% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 197,640 shares of the real estate investment trust’s stock worth $21,997,000 after purchasing an additional 22,000 shares during the last quarter. American Century Companies Inc. lifted its stake in ORIX by 6.0% during the second quarter. American Century Companies Inc. now owns 85,051 shares of the real estate investment trust’s stock worth $9,466,000 after purchasing an additional 4,782 shares during the last quarter. QRG Capital Management Inc. lifted its stake in ORIX by 1.3% during the third quarter. QRG Capital Management Inc. now owns 53,429 shares of the real estate investment trust’s stock worth $6,200,000 after purchasing an additional 672 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in ORIX by 2.6% during the third quarter. Natixis Advisors LLC now owns 39,530 shares of the real estate investment trust’s stock worth $4,587,000 after purchasing an additional 993 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors.

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.