Oriental Land (OTCMKTS:OLCLY) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Oriental Land (OTCMKTS:OLCLYGet Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.54 and traded as low as $14.18. Oriental Land shares last traded at $14.22, with a volume of 95,109 shares.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on Oriental Land

Oriental Land Stock Performance

The stock has a market capitalization of $23.31 billion, a PE ratio of 28.44 and a beta of 0.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.37 and a current ratio of 3.51. The firm’s 50 day moving average is $14.48 and its two-hundred day moving average is $16.68.

Oriental Land (OTCMKTS:OLCLYGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.09 EPS for the quarter. The company had revenue of $1.11 billion during the quarter. Oriental Land had a net margin of 17.28% and a return on equity of 11.58%. As a group, research analysts predict that Oriental Land will post 0.46 earnings per share for the current year.

About Oriental Land

(Get Free Report)

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.

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