Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Shares Gap Down - Here's Why

Key Points

• Idemitsu Kosan (OTCMKTS: IDKOY) shares gapped down pre-market from $20.70 to an open of $18.89 and last traded at $18.7764 on a volume of 3,101 shares.
• The stock has a market cap of $11.42 billion, a very low P/E of 0.38, a 50‑day moving average of $19.09 and a 200‑day moving average of $16.26.
• Idemitsu is a Japanese energy company and major refiner (founded in 1911) that produces gasoline, diesel, jet fuel and petrochemical feedstocks used in plastics and synthetic rubbers.

Shares of Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $20.70, but opened at $18.89. Idemitsu Kosan Co.,Ltd. shares last traded at $18.7764, with a volume of 3,101 shares trading hands.

Idemitsu Kosan Co.,Ltd. Price Performance

The business has a 50-day moving average of $19.09 and a two-hundred day moving average of $16.26. The company has a market cap of $11.42 billion and a P/E ratio of 0.38.

Idemitsu Kosan Co.,Ltd. Company Profile

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.

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