Oriental Land (OTCMKTS:OLCLY) Shares Gap Down – Here’s What Happened

Oriental Land (OTCMKTS:OLCLY)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $19.3230, but opened at $18.36. Oriental Land shares last traded at $18.7792, with a volume of 3,806 shares trading hands.

Analysts Set New Price Targets

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

Oriental Land Trading Down 6.1%

The company has a 50 day moving average price of $19.11 and a 200 day moving average price of $16.66. The firm has a market cap of $29.75 billion, a price-to-earnings ratio of 33.60 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.62 and a current ratio of 3.77.

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

About Oriental Land

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.