Oriental Land (OTCMKTS:OLCLY) Shares Gap Up – Here’s What Happened

Oriental Land (OTCMKTS:OLCLY) gapped up before the market opened on Wednesday . The stock had previously closed at $20.13, but opened at $21.18. Oriental Land shares last traded at $20.4099, with a volume of 730 shares changing hands.

Analysts Set New Price Targets

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

Oriental Land Trading Down 3.1%

The business’s fifty day moving average is $18.20 and its 200-day moving average is $16.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.62 and a current ratio of 3.77. The firm has a market cap of $33.64 billion, a P/E ratio of 38.00 and a beta of 0.44.

Oriental Land (OTCMKTS:OLCLY) last posted 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 12.35%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Analysts predict that Oriental Land will post 0.51 EPS for the current 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.