Oriental Land (OTCMKTS:OLCLY) Shares Gap Up – Should You Buy?

Oriental Land (OTCMKTS:OLCLY)’s share price 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 Trading Up 1.3%

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 company has a 50-day simple moving average of $19.18 and a 200 day simple moving average of $16.67. The firm has a market cap of $29.74 billion, a PE ratio of 33.59 and a beta of 0.51.

Oriental Land (OTCMKTS:OLCLY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Oriental Land had a net margin of 18.75% and a return on equity of 12.35%. As a group, sell-side analysts forecast that Oriental Land will post 0.51 earnings per share for the current fiscal 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.