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

Shares of Oriental Land (OTCMKTS:OLCLY) gapped up before the market opened on Wednesday. The stock had previously closed at $17.91, but opened at $18.7950. Oriental Land shares last traded at $18.32, with a volume of 2,554 shares.

Oriental Land Stock Performance

The company has a market capitalization of $29.74 billion, a price-to-earnings ratio of 33.59 and a beta of 0.51. The firm has a fifty day simple moving average of $19.18 and a 200 day simple moving average of $16.67. 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 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 12.35% and a net margin of 18.75%.The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. On average, analysts anticipate that Oriental Land will post 0.51 earnings per share for the current fiscal year.

Oriental Land Company Profile

Oriental Land Co, Ltd. is a Japanese entertainment and hospitality company best known for operating the Tokyo Disney Resort in Urayasu, Chiba, Japan. Under a licensing agreement with The Walt Disney Company, it operates Tokyo Disneyland and Tokyo DisneySea, offering themed attractions, entertainment, dining, and merchandise for visitors from Japan and around the world.

The company also manages resort hotels, including Disney-branded accommodations, as well as other hospitality and leisure facilities.