Oriental Land (OTCMKTS:OLCLY) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Oriental Land (OTCMKTS:OLCLY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.54 and traded as low as $14.18. Oriental Land shares last traded at $14.22, with a volume of 95,109 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Oriental Land to a “hold” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Oriental Land Stock Up 0.3%

The company has a 50-day moving average of $14.54 and a 200-day moving average of $16.70. The company has a current ratio of 3.51, a quick ratio of 3.37 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $23.31 billion, a price-to-earnings ratio of 28.44 and a beta of 0.49.

Oriental Land (OTCMKTS:OLCLY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.09 earnings per share for the quarter. Oriental Land had a return on equity of 11.58% and a net margin of 17.28%.The business had revenue of $1.11 billion during the quarter. On average, equities analysts predict that Oriental Land will post 0.46 earnings per share for the current fiscal 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.