ORIX (NYSE:IX) Sees Unusually-High Trading Volume – Time to Buy?

Shares of ORIX Co. (NYSE:IX) saw an uptick in trading volume on Tuesday . 6,992 shares traded hands during mid-day 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.

Analyst Upgrades and Downgrades

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

ORIX Price Performance

The business’s fifty day moving average price is $111.49 and its 200 day moving average price is $113.03. 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 stock has a market cap of $25.02 billion, a P/E ratio of 9.40, a PEG ratio of 1.05 and a beta of 0.91.

Institutional Investors Weigh In On ORIX

Several hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in ORIX during the 3rd quarter worth approximately $80,000. World Investment Advisors LLC bought a new stake in shares of ORIX in the third quarter worth $2,600,000. Virtu Financial LLC acquired a new stake in ORIX in the third quarter valued at $1,097,000. MML Investors Services LLC lifted its holdings in ORIX by 12.1% during the 3rd quarter. MML Investors Services LLC now owns 3,298 shares of the real estate investment trust’s stock worth $383,000 after buying an additional 355 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in shares of ORIX by 1.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust’s stock valued at $950,000 after buying an additional 134 shares during the last quarter. Institutional investors and hedge funds 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.