Oriental Land (OTCMKTS:OLCLY) Shares Gap Down - Should You Sell?

Key Points

• Oriental Land's shares gapped down from a previous close of $25.37 to open at $24.20, resulting in a 4.2% decline in stock price.
• The company reported $0.12 earnings per share for the last quarter, surpassing estimates with a revenue of $1.13 billion.
• Oriental Land operates popular theme parks and hotels in Japan, including Tokyo Disneyland and Tokyo DisneySea, contributing to its significant market capitalization of $43.75 billion.

Oriental Land (OTCMKTS:OLCLY - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $25.37, but opened at $24.20. Oriental Land shares last traded at $24.20, with a volume of 8,261 shares changing hands.

Oriental Land Stock Up 1.2%

The stock has a 50-day moving average of $23.03 and a 200 day moving average of $22.14. The company has a market capitalization of $44.38 billion, a PE ratio of 47.40 and a beta of 0.64. The company has a quick ratio of 2.11, a current ratio of 2.23 and a debt-to-equity ratio of 0.22.

Oriental Land (OTCMKTS:OLCLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.12 earnings per share for the quarter. Oriental Land had a return on equity of 13.22% and a net margin of 18.27%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Sell-side analysts anticipate that Oriental Land will post 0.47 EPS for the current year.

About Oriental Land

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.