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

Oriental Land (OTCMKTS:OLCLY) shares gapped down before the market opened on Friday . The stock had previously closed at $19.39, but opened at $18.9650. Oriental Land shares last traded at $18.9650, with a volume of 563 shares traded.

Analyst Ratings Changes

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

Oriental Land Stock Down 2.5%

The company has a market capitalization of $30.99 billion, a P/E ratio of 35.00 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.27 and a quick ratio of 3.15. The company has a 50 day moving average of $16.81 and a 200-day moving average of $16.31.

Oriental Land (OTCMKTS:OLCLY) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Oriental Land had a return on equity of 12.36% and a net margin of 18.75%. As a group, equities analysts anticipate that Oriental Land will post 0.46 EPS for the current year.

Oriental Land Company Profile

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.