Oriental Land (OTCMKTS:OLCLY) Shares Gap Up – Time to Buy?

Oriental Land (OTCMKTS:OLCLY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $20.13, but opened at $21.18. Oriental Land shares last traded at $20.4099, with a volume of 730 shares traded.

Analysts Set New Price Targets

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

Oriental Land Stock 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 firm has a market capitalization of $34.10 billion, a P/E ratio of 38.52 and a beta of 0.44. The business’s 50 day simple moving average is $17.98 and its two-hundred day simple moving average is $16.43.

Oriental Land (OTCMKTS:OLCLY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Oriental Land had a net margin of 18.75% and a return on equity of 12.35%. Sell-side analysts anticipate that Oriental Land will post 0.51 EPS for the current fiscal year.

Oriental Land Company Profile

Oriental Land Co, Ltd. is a Japanese entertainment and tourism company best known for operating the Tokyo Disney Resort in Urayasu, Chiba Prefecture. Under a license agreement with The Walt Disney Company, the company manages Tokyo Disneyland and Tokyo DisneySea, offering attractions, live entertainment, dining, merchandise and other guest experiences based on Disney characters and stories.

The company also operates resort-related businesses, including Disney-branded and other hotels, the Disney Resort Line monorail, and commercial and dining facilities such as Ikspiari.