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

Oriental Land (OTCMKTS:OLCLY)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $19.3230, but opened at $18.36. Oriental Land shares last traded at $18.7792, with a volume of 3,806 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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 data from MarketBeat.com, the company presently has an average rating of “Hold”.

Oriental Land Stock Performance

The stock has a 50-day moving average price of $19.11 and a 200 day moving average price of $16.66. The company has a quick ratio of 3.62, a current ratio of 3.77 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $29.75 billion, a price-to-earnings ratio of 33.60 and a beta of 0.44.

Oriental Land (OTCMKTS:OLCLY) last announced its quarterly earnings data 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 business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, analysts forecast that Oriental Land will post 0.51 EPS for the current 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.