Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – Here’s Why

Bridgestone Corp. (OTCMKTS:BRDCY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $10.88, but opened at $11.30. Bridgestone shares last traded at $10.77, with a volume of 15,748 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Zacks Research raised Bridgestone from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Smbc Nikko Sec. raised Bridgestone to a “strong-buy” rating in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Bridgestone presently has an average rating of “Buy”.

Bridgestone Stock Down 1.1%

The business’s 50 day simple moving average is $13.29 and its 200-day simple moving average is $19.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.48. The company has a market cap of $28.71 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.00 and a beta of 0.52.

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.