Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY – Get Free Report)’s share price rose 10.4% on Wednesday . The stock traded as high as $16.01 and last traded at $16.01. 4,561 shares were traded during trading, an increase of 33% from the average session volume of 3,419 shares. The stock had previously closed at $14.50.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Idemitsu Kosan Co.,Ltd. to a “hold” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Read Our Latest Analysis on IDKOY
Idemitsu Kosan Co.,Ltd. Stock Up 1.5%
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.
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