Oriental Land (OTCMKTS:OLCLY) Stock Price Down 4.5% – Here’s Why

Oriental Land (OTCMKTS:OLCLY)’s share price dropped 4.5% on Monday . The company traded as low as $19.01 and last traded at $19.01. 1,810 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 92,177 shares. The stock had previously closed at $19.90.

Analysts Set New Price Targets

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

Oriental Land Price Performance

The stock’s fifty day moving average price is $18.69 and its 200-day moving average price is $16.57. The firm has a market cap of $31.65 billion, a PE ratio of 35.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.77 and a quick ratio of 3.62.

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

About Oriental Land

Oriental Land Co, Ltd. is a Japanese entertainment company best known for operating Tokyo Disney Resort in Urayasu, Chiba Prefecture. The resort includes Tokyo Disneyland and Tokyo DisneySea, along with Disney-themed hotels, shopping and dining facilities, and related leisure attractions. Oriental Land operates the resort under a licensing agreement with The Walt Disney Company.

Founded in 1960, Oriental Land initially focused on developing land and tourist facilities in the Maihama area.