Oriental Land (OTCMKTS:OLCLY) Shares Gap Down – Here’s Why

Shares of Oriental Land (OTCMKTS:OLCLY) gapped down before the market opened on Wednesday . The stock had previously closed at $18.9275, but opened at $18.2995. Oriental Land shares last traded at $18.79, with a volume of 3,349 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Oriental Land to a “hold” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Oriental Land Price Performance

The stock has a market capitalization of $30.13 billion, a P/E ratio of 34.03 and a beta of 0.44. The company has a 50 day moving average of $16.03 and a 200-day moving average of $16.25. The company has a quick ratio of 3.15, a current ratio of 3.27 and a debt-to-equity ratio of 0.27.

Oriental Land (OTCMKTS:OLCLY) last released its earnings results on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter. Oriental Land had a net margin of 18.75% and a return on equity of 12.36%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Sell-side analysts predict that Oriental Land will post 0.46 EPS for the current year.

About Oriental Land

Oriental Land Co, Ltd. is a Japan-based leisure and hospitality company best known as the owner and operator of Tokyo Disney Resort under a licensing arrangement with The Walt Disney Company. The company’s core activities center on the planning, development, management and operation of large-scale themed entertainment facilities and associated resort businesses, with an emphasis on delivering guest services, attractions and seasonal programming designed to attract both domestic and international visitors.

Its principal assets include the two theme parks at Tokyo Disney Resort — Tokyo Disneyland and Tokyo DisneySea — along with multiple on-site hotels, an entertainment and retail complex, and resort transportation infrastructure.