Oriental Land (OTCMKTS:OLCLY) Shares Gap Up – What’s Next?

Oriental Land (OTCMKTS:OLCLY) shares gapped up prior to trading on Friday. The stock had previously closed at $20.4070, but opened at $21.74. Oriental Land shares last traded at $21.3550, with a volume of 2,288 shares trading hands.

Oriental Land Stock Performance

The firm has a market cap of $34.87 billion, a price-to-earnings ratio of 39.39 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 stock’s 50 day moving average is $19.35 and its 200 day moving average is $16.89.

Oriental Land (OTCMKTS:OLCLY) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $1.11 billion. Analysts anticipate that Oriental Land will post 0.51 earnings per share for the current year.

About Oriental Land

Oriental Land Co, Ltd. is a Japanese entertainment and tourism company best known for operating the Tokyo Disney Resort in Urayasu, Chiba Prefecture. The resort includes Tokyo Disneyland and Tokyo DisneySea, which Oriental Land operates under a licensing agreement with The Walt Disney Company.

The company’s operations also include Disney-branded hotels, the Disney Resort Line monorail, resort merchandise and retail businesses, restaurants, and other guest services. These businesses are designed to support the company’s integrated resort model and serve visitors from Japan and overseas.

Oriental Land was established in 1960 and has developed the Tokyo Disney Resort into one of Japan’s leading leisure destinations.