Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Shares Up 9.1% – Still a Buy?

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) shot up 9.1% on Monday . The stock traded as high as $16.50 and last traded at $16.50. Approximately 110 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 3,360 shares. The stock had previously closed at $15.13.

Analyst Ratings Changes

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

Idemitsu Kosan Co.,Ltd. Trading Down 1.8%

The company has a market capitalization of $9.09 billion and a P/E ratio of 0.38. The business’s 50-day simple moving average is $16.58 and its 200 day simple moving average is $17.35.

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.