Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Shares Gap Up – Here’s What Happened

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $19.5550, but opened at $20.34. Idemitsu Kosan Co.,Ltd. shares last traded at $20.34, with a volume of 302 shares trading hands.

Idemitsu Kosan Co.,Ltd. Trading Up 4.0%

The firm has a 50 day simple moving average of $18.53 and a 200 day simple moving average of $15.91. The firm has a market capitalization of $12.45 billion and a PE ratio of 0.38.

Idemitsu Kosan Co.,Ltd. Company Profile

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.