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

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was upgraded by investment 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

Shares of IDKOY stock remained flat at $19.72 on Thursday. 85 shares of the stock were exchanged, compared to its average volume of 1,060. Idemitsu Kosan Co.,Ltd. has a 52-week low of $13.11 and a 52-week high of $22.79. The firm has a 50 day simple moving average of $19.12 and a 200-day simple moving average of $17.79.

About Idemitsu Kosan Co.,Ltd.

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.