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

Key Points

• Oriental Land's stock price saw a significant increase, opening at $23.81 after closing at $22.74, indicating bullish market sentiment.
• The company reported quarterly earnings of $0.12 per share, surpassing analysts' expectations with revenue of $1.13 billion.
• Oriental Land operates major attractions such as Tokyo Disneyland and associated hotels, showcasing its dominance in the leisure and hospitality industry in Japan.

Oriental Land (OTCMKTS:OLCLY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $22.74, but opened at $23.81. Oriental Land shares last traded at $23.81, with a volume of 3,553 shares.

Oriental Land Price Performance

The stock has a market cap of $44.90 billion, a price-to-earnings ratio of 47.96 and a beta of 0.67. The stock's 50 day moving average price is $21.92 and its two-hundred day moving average price is $21.60. 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 released its quarterly earnings data on Wednesday, July 30th. The company reported $0.12 earnings per share for the quarter. Oriental Land had a net margin of 18.27% and a return on equity of 13.22%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. Equities research analysts forecast that Oriental Land will post 0.47 EPS for the current fiscal 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.