Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks reports.

Idemitsu Kosan Co.,Ltd. Stock Performance

Shares of Idemitsu Kosan Co.,Ltd. stock remained flat at $19.72 during trading on Thursday. 85 shares of the stock traded hands, compared to its average volume of 1,060. The business’s fifty day simple moving average is $19.12 and its two-hundred day simple moving average is $17.79. Idemitsu Kosan Co.,Ltd. has a 1-year low of $13.11 and a 1-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.