Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Trading 0.5% Higher – Still a Buy?

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY)’s stock price rose 0.5% during mid-day trading on Wednesday . The stock traded as high as $15.71 and last traded at $15.30. Approximately 1,392 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 1,392 shares. The stock had previously closed at $15.22.

Idemitsu Kosan Co.,Ltd. Stock Performance

The firm’s 50-day simple moving average is $14.82 and its 200 day simple moving average is $13.79.

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.