Oriental Land (OTCMKTS:OLCLY) Shares Gap Down – Should You Sell?

Oriental Land (OTCMKTS:OLCLY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $19.6110, but opened at $19.00. Oriental Land shares last traded at $19.00, with a volume of 139 shares trading hands.

Wall Street Analysts Forecast Growth

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

Oriental Land Stock Performance

The stock has a fifty day simple moving average of $17.22 and a 200-day simple moving average of $16.35. The stock has a market cap of $31.15 billion, a P/E ratio of 35.19 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.15 and a current ratio of 3.27.

Oriental Land (OTCMKTS:OLCLY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.16 EPS for the quarter. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Oriental Land had a return on equity of 12.36% and a net margin of 18.75%. On average, equities analysts expect that Oriental Land will post 0.51 earnings per share for the current 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.