Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Shares Gap Up – Time to Buy?

Shares of Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) gapped up before the market opened on Monday . The stock had previously closed at $14.0601, but opened at $15.2050. Idemitsu Kosan Co.,Ltd. shares last traded at $15.2050, with a volume of 519 shares changing hands.

Analysts Set New Price Targets

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

Idemitsu Kosan Co.,Ltd. Price Performance

The stock has a market cap of $9.30 billion and a PE ratio of 0.38. The company has a 50 day moving average price of $17.09 and a two-hundred day moving average price of $17.34.

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.