Oriental Land (OTCMKTS:OLCLY) Shares Down 7.4% – Should You Sell?

Oriental Land (OTCMKTS:OLCLY) shares fell 7.4% during trading on Friday. The stock traded as low as $17.90 and last traded at $17.90. Approximately 135 shares were traded during trading, a decline of 100% from the average daily volume of 88,972 shares. The stock had previously closed at $19.3230.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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, According to data from MarketBeat, the company has an average rating of “Hold”.

Oriental Land Trading Down 1.5%

The company has a market capitalization of $29.32 billion, a price-to-earnings ratio of 33.12 and a beta of 0.51. 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 50 day moving average price is $19.16 and its two-hundred day moving average price is $16.66.

Oriental Land (OTCMKTS:OLCLY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter. Oriental Land had a return on equity of 12.35% and a net margin of 18.75%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, equities analysts predict that Oriental Land will post 0.51 earnings per share for the current fiscal 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.