Oriental Land (OTCMKTS:OLCLY) Shares Gap Down – Should You Sell?

Oriental Land (OTCMKTS:OLCLY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $20.14, but opened at $18.61. Oriental Land shares last traded at $19.36, with a volume of 556 shares trading hands.

Analyst Upgrades and Downgrades

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

Oriental Land Stock Up 1.2%

The stock has a 50 day moving average of $18.46 and a 200-day moving average of $16.53. The firm has a market capitalization of $32.97 billion, a P/E ratio of 37.24 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.62 and a current ratio of 3.77.

Oriental Land (OTCMKTS:OLCLY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.16 EPS for the quarter. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Oriental Land had a net margin of 18.75% and a return on equity of 12.35%. Research analysts predict that Oriental Land will post 0.51 earnings per share for the current fiscal year.

Oriental Land Company Profile

Oriental Land Co, Ltd. is a Japanese entertainment company best known for operating Tokyo Disney Resort in Urayasu, Chiba Prefecture. The resort includes Tokyo Disneyland and Tokyo DisneySea, along with Disney-themed hotels, shopping and dining facilities, and related leisure attractions. Oriental Land operates the resort under a licensing agreement with The Walt Disney Company.

Founded in 1960, Oriental Land initially focused on developing land and tourist facilities in the Maihama area.