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

Oriental Land (OTCMKTS:OLCLY) 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.

Analyst Upgrades and Downgrades

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

Oriental Land Stock Performance

The company has a current ratio of 3.77, a quick ratio of 3.62 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $32.51 billion, a price-to-earnings ratio of 36.72 and a beta of 0.44. The firm’s fifty day moving average price is $18.62 and its 200 day moving average price is $16.55.

Oriental Land (OTCMKTS:OLCLY) last posted its earnings results on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Oriental Land had a net margin of 18.75% and a return on equity of 12.35%. Analysts forecast that Oriental Land will post 0.51 EPS for the current fiscal year.

About Oriental Land

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.