Oriental Land (OTCMKTS:OLCLY) Shares Gap Up – Still a Buy?

Oriental Land (OTCMKTS:OLCLY) shares gapped up before the market opened on Wednesday. The stock had previously closed at $17.91, but opened at $18.7950. Oriental Land shares last traded at $18.32, with a volume of 2,554 shares trading hands.

Oriental Land Stock Up 3.5%

The firm has a 50 day moving average of $19.16 and a two-hundred day moving average of $16.69. The firm has a market capitalization of $30.79 billion, a price-to-earnings ratio of 34.78 and a beta of 0.51. The company has a quick ratio of 3.62, a current ratio of 3.77 and a debt-to-equity ratio of 0.27.

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 company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Oriental Land had a return on equity of 12.35% and a net margin of 18.75%. As a group, sell-side analysts anticipate that Oriental Land will post 0.51 EPS for the current fiscal year.

About Oriental Land

Oriental Land Co, Ltd. is a Japanese entertainment and hospitality company best known for operating the Tokyo Disney Resort in Urayasu, Chiba, Japan. Under a licensing agreement with The Walt Disney Company, it operates Tokyo Disneyland and Tokyo DisneySea, offering themed attractions, entertainment, dining, and merchandise for visitors from Japan and around the world.

The company also manages resort hotels, including Disney-branded accommodations, as well as other hospitality and leisure facilities.