Bridgestone (OTCMKTS:BRDCY) Cut to “Hold” at Smbc Nikko Sec.

Smbc Nikko Sec. cut shares of Bridgestone (OTCMKTS:BRDCY) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Zacks Research upgraded shares of Bridgestone from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Bridgestone Stock Down 2.4%

BRDCY opened at $10.36 on Wednesday. Bridgestone has a one year low of $8.82 and a one year high of $12.55. 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 stock’s fifty day moving average is $12.09 and its 200-day moving average is $19.15. The company has a market capitalization of $27.64 billion, a PE ratio of 15.24, a P/E/G ratio of 0.99 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.