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

Oriental Land (OTCMKTS:OLCLY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $23.85, but opened at $23.21. Oriental Land shares last traded at $23.28, with a volume of 3,926 shares trading hands.

Oriental Land Stock Performance

The stock’s fifty day moving average is $22.05 and its two-hundred day moving average is $21.63. The firm has a market capitalization of $42.02 billion, a price-to-earnings ratio of 44.89 and a beta of 0.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.11 and a current ratio of 2.23.

Oriental Land (OTCMKTS:OLCLY) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.12 earnings per share for the quarter. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Oriental Land had a net margin of 18.27% and a return on equity of 13.22%. Analysts forecast that Oriental Land will post 0.47 earnings per share for the current year.

Oriental Land Company Profile

Oriental Land Co, Ltd. operates and manages theme parks and hotels in Japan. It operates through Theme Park, Hotel Business, and Other Business segments. The Theme Park segment operates and manages Tokyo Disneyland and Tokyo DisneySea theme parks. The Hotel Business segment operates and manages Tokyo Disneyland Hotel, Tokyo DisneySea Hotel MiraCosta, Disney Ambassador Hotel, and Tokyo Disney Celebration Hotel, as well as Tokyo Disney Resort Toy Story Hotel.