Oriental Land (OTCMKTS:OLCLY) Shares Gap Down – Time to Sell?

Oriental Land (OTCMKTS:OLCLY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $20.17, but opened at $19.2190. Oriental Land shares last traded at $18.22, with a volume of 1,120 shares.

Analyst Upgrades and Downgrades

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

Oriental Land Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 3.77 and a quick ratio of 3.62. The stock has a market cap of $31.72 billion, a P/E ratio of 35.83 and a beta of 0.44. The company’s 50 day simple moving average is $18.88 and its 200 day simple moving average is $16.61.

Oriental Land (OTCMKTS:OLCLY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter. Oriental Land had a net margin of 18.75% and a return on equity of 12.35%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. As a group, equities analysts forecast 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 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.