INPEX CORP/ADR (OTCMKTS:IPXHY) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.14 and traded as low as $5.61. INPEX CORP/ADR shares last traded at $5.66, with a volume of 22,948 shares trading hands.
Separately, Morgan Stanley cut INPEX CORP/ADR from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 10th.
The stock has a market cap of $8.28 billion, a PE ratio of 6.90 and a beta of 1.49. The stock has a fifty day simple moving average of $6.14 and a two-hundred day simple moving average of $7.09.
Inpex Corporation engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan, rest of Asia and Oceania, Europe and NIS countries, the Middle East and Africa, and the Americas. It is also involved in the investment and lending to the companies engaged in mineral resources business, etc.
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