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

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOYGet Free Report) gapped up before the market opened on Friday . The stock had previously closed at $15.5750, but opened at $16.27. Idemitsu Kosan Co.,Ltd. shares last traded at $16.27, with a volume of 566 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised Idemitsu Kosan Co.,Ltd. to a “hold” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on Idemitsu Kosan Co.,Ltd.

Idemitsu Kosan Co.,Ltd. Stock Performance

The company has a market cap of $9.95 billion and a PE ratio of 0.38. The business’s 50-day moving average is $16.41 and its 200 day moving average is $17.36.

About Idemitsu Kosan Co.,Ltd.

(Get Free Report)

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.

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