Oriental Land (OTCMKTS:OLCLY) Shares Gap Down – Here’s Why

Oriental Land (OTCMKTS:OLCLY) gapped down prior to trading 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.

Analyst Ratings Changes

Separately, Zacks Research raised shares of 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, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Oriental Land Trading Down 3.2%

The company has a market capitalization of $31.15 billion, a P/E ratio of 35.19 and a beta of 0.44. The business has a 50 day moving average price of $17.22 and a 200 day moving average price of $16.35. The company has a current ratio of 3.27, a quick ratio of 3.15 and a debt-to-equity ratio of 0.27.

Oriental Land (OTCMKTS:OLCLY) last released its quarterly earnings data 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 12.36%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Analysts anticipate that Oriental Land will post 0.51 EPS for the current year.

About Oriental Land

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.