Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Shares Down 10% – Here’s What Happened

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) shares fell 10% during trading on Monday . The company traded as low as $15.6436 and last traded at $15.6436. 139 shares changed hands during trading, a decline of 96% from the average session volume of 3,374 shares. The stock had previously closed at $17.39.

Analysts Set New Price Targets

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

Idemitsu Kosan Co.,Ltd. Trading Down 10.0%

The company’s fifty day moving average is $15.86 and its two-hundred day moving average is $17.45.

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.