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

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) shares gapped up prior to trading 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.

Analysts Set New Price Targets

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

Idemitsu Kosan Co.,Ltd. Stock Up 4.5%

The company has a market capitalization of $9.95 billion and a PE ratio of 0.38. The firm has a 50-day moving average of $16.43 and a two-hundred day moving average of $17.36.

About Idemitsu Kosan Co.,Ltd.

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.