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

Oriental Land (OTCMKTS:OLCLY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $19.39, but opened at $18.9650. Oriental Land shares last traded at $18.9650, with a volume of 563 shares.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Oriental Land to a “hold” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Oriental Land presently has an average rating of “Hold”.

Oriental Land Price Performance

The firm has a market cap of $31.10 billion, a price-to-earnings ratio of 35.13 and a beta of 0.44. The company has a current ratio of 3.27, a quick ratio of 3.15 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $16.72 and a 200 day moving average of $16.29.

Oriental Land (OTCMKTS:OLCLY) last posted its earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter. Oriental Land had a return on equity of 12.36% and a net margin of 18.75%.The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Equities research analysts predict that Oriental Land will post 0.46 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.