Bridgestone (OTCMKTS:BRDCY) Shares Gap Down – Here’s What Happened

Shares of Bridgestone Corp. (OTCMKTS:BRDCY) gapped down prior to trading on Friday . The stock had previously closed at $10.61, but opened at $10.10. Bridgestone shares last traded at $10.54, with a volume of 42,168 shares trading hands.

Analyst Ratings Changes

Several analysts recently commented on the company. Zacks Research raised Bridgestone from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Smbc Nikko Sec. downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Bridgestone Stock Performance

The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $12.09 and a two-hundred day moving average price of $19.13. The firm has a market cap of $27.64 billion, a PE ratio of 15.24, a P/E/G ratio of 0.97 and a beta of 0.52.

Bridgestone Company Profile

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.