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

Oriental Land (OTCMKTS:OLCLY – Get Free Report)’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 traded.

Oriental Land Price Performance

The company’s 50-day simple moving average is $19.18 and its 200 day simple moving average is $16.67. The company has a quick ratio of 3.62, a current ratio of 3.77 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $29.35 billion, a price-to-earnings ratio of 33.15 and a beta of 0.51.

Oriental Land (OTCMKTS:OLCLY – Get Free Report) last announced its quarterly earnings results 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%. Equities research analysts forecast that Oriental Land will post 0.51 EPS for the current year.

About Oriental Land

(Get Free Report)

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.

Further Reading

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