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

ORIX Co. (NYSE:IX) gapped down prior to trading on Wednesday . The stock had previously closed at $117.09, but opened at $114.66. ORIX shares last traded at $114.49, with a volume of 2,506 shares changing hands.

Wall Street Analyst Weigh In

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

ORIX Trading Down 0.5 %

The stock has a market capitalization of $26.41 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 1.14 and a beta of 0.92. 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 firm has a fifty day moving average of $110.30 and a 200-day moving average of $113.19.

Institutional Trading of ORIX

Several large investors have recently modified their holdings of the business. FMR LLC grew its stake in shares of ORIX by 9.9% during the third quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock valued at $75,164,000 after acquiring an additional 58,178 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of 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 valued at $21,997,000 after acquiring an additional 22,000 shares in the last quarter. American Century Companies Inc. lifted its position in shares of 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 position in shares of 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 position in shares of 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 and hedge funds.

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.