Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Stock Rating Upgraded by Zacks Research

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks reports.

Idemitsu Kosan Co.,Ltd. Stock Performance

OTCMKTS IDKOY remained flat at $19.72 during trading hours on Thursday. The company had a trading volume of 85 shares, compared to its average volume of 1,060. The business’s 50-day moving average is $19.12 and its 200-day moving average is $17.79. Idemitsu Kosan Co.,Ltd. has a one year low of $13.11 and a one year high of $22.79.

Idemitsu Kosan Co.,Ltd. Company Profile

Idemitsu Kosan Co, Ltd. is a Japan-based integrated energy and materials company engaged in the production, processing, distribution and sale of petroleum and petrochemical products. Its operations include crude oil refining, fuel marketing, lubricants, oil products for industrial and transportation uses, and chemicals used in manufacturing.

The company also develops and supplies functional materials, including products for electronics and other advanced applications. In addition, Idemitsu Kosan has businesses related to power generation, renewable energy and energy-transition technologies, reflecting its efforts to expand beyond conventional fossil fuels.

Founded in 1911 by Sazo Idemitsu, the company has grown from a petroleum distributor into a diversified energy group serving customers in Japan and international markets.