Oriental Land (OTCMKTS:OLCLY) Shares Gap Up – Time to Buy?

Oriental Land (OTCMKTS:OLCLY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $18.79, but opened at $20.54. Oriental Land shares last traded at $19.74, with a volume of 3,013 shares traded.

Analyst Upgrades and Downgrades

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

Oriental Land Trading Up 5.2%

The firm’s 50-day simple moving average is $17.57 and its 200 day simple moving average is $16.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.77 and a quick ratio of 3.15. The firm has a market capitalization of $32.66 billion, a price-to-earnings ratio of 36.89 and a beta of 0.44.

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

Oriental Land Company Profile

Oriental Land Co, Ltd. is a Japan-based leisure and hospitality company best known as the owner and operator of Tokyo Disney Resort under a licensing arrangement with The Walt Disney Company. The company’s core activities center on the planning, development, management and operation of large-scale themed entertainment facilities and associated resort businesses, with an emphasis on delivering guest services, attractions and seasonal programming designed to attract both domestic and international visitors.

Its principal assets include the two theme parks at Tokyo Disney Resort — Tokyo Disneyland and Tokyo DisneySea — along with multiple on-site hotels, an entertainment and retail complex, and resort transportation infrastructure.