Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Releases Earnings Results

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) announced its earnings results on Wednesday. The company reported $1.11 EPS for the quarter, Zacks reports.

Idemitsu Kosan Co.,Ltd. Trading Up 5.6%

Shares of OTCMKTS IDKOY traded up $0.92 during trading on Wednesday, reaching $17.29. The company had a trading volume of 9,711 shares, compared to its average volume of 3,189. Idemitsu Kosan Co.,Ltd. has a 12-month low of $13.70 and a 12-month high of $22.79. The business’s 50-day moving average is $19.66 and its 200 day moving average is $17.98.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Idemitsu Kosan Co.,Ltd. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

About Idemitsu Kosan Co.,Ltd.

Idemitsu Kosan Co., Ltd. is a Japanese energy and materials company whose roots trace to a petroleum sales business founded by Sazo Idemitsu in 1911. The company is headquartered in Tokyo and has grown into a broad-based supplier of energy and industrial products. Its businesses include refining and marketing petroleum products such as gasoline, kerosene, diesel, and lubricants; producing petrochemicals and other materials; and developing and supplying energy resources, including oil, natural gas, and coal.