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

Oriental Land (OTCMKTS:OLCLY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $19.39, but opened at $18.9650. Oriental Land shares last traded at $18.9650, with a volume of 563 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Oriental Land to a “hold” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Oriental Land Stock Performance

The company has a quick ratio of 3.15, a current ratio of 3.27 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $31.10 billion, a price-to-earnings ratio of 35.13 and a beta of 0.44. The stock’s 50-day simple moving average is $16.72 and its 200 day simple moving average is $16.29.

Oriental Land (OTCMKTS:OLCLY) last announced its 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 12.36% and a net margin of 18.75%.The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Analysts expect that Oriental Land will post 0.46 earnings per share for the current fiscal year.

Oriental Land Company Profile

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.