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

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) gapped up prior to trading on Monday . The stock had previously closed at $15.19, but opened at $17.0650. Idemitsu Kosan Co.,Ltd. shares last traded at $16.47, with a volume of 3,793 shares changing hands.

Analysts Set New Price Targets

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

Idemitsu Kosan Co.,Ltd. Stock Up 8.4%

The company’s fifty day simple moving average is $18.07 and its two-hundred day simple moving average is $17.26. The company has a market capitalization of $10.07 billion and a price-to-earnings ratio of 0.38.

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.