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

Oriental Land (OTCMKTS:OLCLY) gapped down prior to trading on Friday . The stock had previously closed at $22.82, but opened at $21.53. Oriental Land shares last traded at $21.53, with a volume of 2,140 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Oriental Land to a “hold” rating in a research note on Tuesday, March 25th.

Oriental Land Price Performance

The firm has a market capitalization of $39.32 billion, a P/E ratio of 43.68 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.07 and a current ratio of 2.20. The business has a 50 day simple moving average of $22.16 and a two-hundred day simple moving average of $21.60.

Oriental Land (OTCMKTS:OLCLY) last announced its earnings results on Monday, April 28th. The company reported $0.11 earnings per share for the quarter. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.22 billion. Oriental Land had a return on equity of 12.90% and a net margin of 18.26%. On average, sell-side analysts expect that Oriental Land will post 0.47 EPS for the current fiscal year.

Oriental Land Company Profile

Oriental Land Co, Ltd. operates and manages theme parks and hotels in Japan. It operates through Theme Park, Hotel Business, and Other Business segments. The Theme Park segment operates and manages Tokyo Disneyland and Tokyo DisneySea theme parks. The Hotel Business segment operates and manages Tokyo Disneyland Hotel, Tokyo DisneySea Hotel MiraCosta, Disney Ambassador Hotel, and Tokyo Disney Celebration Hotel, as well as Tokyo Disney Resort Toy Story Hotel.