Bridgestone (OTCMKTS:BRDCY) Sees Strong Trading Volume – Still a Buy?

Bridgestone Corp. (OTCMKTS:BRDCY) shares saw unusually-high trading volume on Friday . Approximately 328,056 shares were traded during trading, an increase of 27% from the previous session’s volume of 258,188 shares.The stock last traded at $12.0750 and had previously closed at $11.61.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Bridgestone from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Bridgestone Stock Up 3.2%

The firm’s 50-day moving average price is $17.80 and its 200-day moving average price is $20.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.48 and a quick ratio of 1.66. The company has a market cap of $32.31 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 1.13 and a beta of 0.54.

About Bridgestone

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world’s largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company’s core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off‑the‑road equipment, and aircraft.