ORIX (NYSE:IX) Shares Gap Up – Here’s What Happened

ORIX Co. (NYSE:IX) shares gapped up before the market opened on Friday . The stock had previously closed at $107.96, but opened at $111.50. ORIX shares last traded at $111.42, with a volume of 18,188 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of ORIX from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

ORIX Trading Up 4.2 %

The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37. The company has a market cap of $26.13 billion, a P/E ratio of 9.31, a P/E/G ratio of 1.05 and a beta of 0.91. The stock’s 50-day moving average is $110.83 and its two-hundred day moving average is $112.96.

Institutional Trading of ORIX

Large investors have recently modified their holdings of the company. Addison Advisors LLC bought a new stake in ORIX during the second quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased 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 worth $46,000 after purchasing an additional 140 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in ORIX in the 3rd quarter worth $80,000. CWM LLC lifted its position in ORIX by 10.8% during the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 93 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in ORIX by 26.2% during 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 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.