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

Oriental Land (OTCMKTS:OLCLY)’s share price gapped up before the market opened on Friday. The stock had previously closed at $18.64, but opened at $19.4950. Oriental Land shares last traded at $19.59, with a volume of 1,288 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Oriental Land to a “hold” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Oriental Land Price Performance

The company has a current ratio of 3.77, a quick ratio of 3.62 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $18.93 and a 200-day simple moving average of $16.62. The stock has a market cap of $32.12 billion, a price-to-earnings ratio of 36.28 and a beta of 0.44.

Oriental Land (OTCMKTS:OLCLY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Oriental Land had a return on equity of 12.35% and a net margin of 18.75%. As a group, equities research analysts expect that Oriental Land will post 0.51 EPS for the current year.

Oriental Land Company Profile

Oriental Land Co, Ltd. is a Japanese entertainment company best known for operating Tokyo Disney Resort in Urayasu, Chiba Prefecture. The resort includes Tokyo Disneyland and Tokyo DisneySea, along with Disney-themed hotels, shopping and dining facilities, and related leisure attractions. Oriental Land operates the resort under a licensing agreement with The Walt Disney Company.

Founded in 1960, Oriental Land initially focused on developing land and tourist facilities in the Maihama area.