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

Oriental Land (OTCMKTS:OLCLY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $18.79, but opened at $20.54. Oriental Land shares last traded at $19.74, with a volume of 3,013 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of 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, According to MarketBeat, the stock has an average rating of “Hold”.

Oriental Land Price Performance

The company has a market cap of $33.00 billion, a price-to-earnings ratio of 37.28 and a beta of 0.44. The company has a fifty day moving average price of $17.78 and a two-hundred day moving average price of $16.41. The company has a current ratio of 3.77, a quick ratio of 3.15 and a debt-to-equity ratio of 0.27.

Oriental Land (OTCMKTS:OLCLY) last issued its earnings results on Thursday, July 30th. The company reported $0.16 EPS for the quarter. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Oriental Land had a return on equity of 12.35% and a net margin of 18.75%. As a group, equities research analysts anticipate that Oriental Land will post 0.51 EPS for the current fiscal 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.