Oriental Land (OTCMKTS:OLCLY) Shares Up 7.5% – Time to Buy?

Oriental Land (OTCMKTS:OLCLY)’s share price shot up 7.5% during trading on Friday . The stock traded as high as $17.41 and last traded at $17.41. 1,200 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 117,975 shares. The stock had previously closed at $16.19.

Wall Street Analysts Forecast Growth

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

Oriental Land Price Performance

The firm has a market cap of $27.61 billion, a P/E ratio of 33.68 and a beta of 0.47. The firm’s fifty day simple moving average is $14.50 and its 200 day simple moving average is $16.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.37 and a current ratio of 3.51.

Oriental Land (OTCMKTS:OLCLY) last issued its earnings results on Tuesday, April 28th. The company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $1.11 billion for the quarter. Oriental Land had a return on equity of 11.58% and a net margin of 17.28%. As a group, analysts forecast that Oriental Land will post 0.46 earnings per share 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.