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

Oriental Land (OTCMKTS:OLCLY – Get Free Report)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $20.17, but opened at $19.2190. Oriental Land shares last traded at $18.22, with a volume of 1,120 shares trading hands.

Wall Street Analysts Forecast Growth

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

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Oriental Land Price Performance

The company has a current ratio of 3.77, a quick ratio of 3.62 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $18.98 and its 200 day moving average is $16.64. The company has a market cap of $31.48 billion, a P/E ratio of 35.56 and a beta of 0.44.

Oriental Land (OTCMKTS:OLCLY – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.16 earnings per share 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, sell-side analysts anticipate that Oriental Land will post 0.51 EPS for the current year.

Oriental Land Company Profile

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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.

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