Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – Should You Buy?

Bridgestone Corp. (OTCMKTS:BRDCY) gapped up before the market opened on Friday . The stock had previously closed at $10.24, but opened at $10.60. Bridgestone shares last traded at $10.16, with a volume of 73,512 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BRDCY shares. Smbc Nikko Sec. cut Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Zacks Research raised shares of Bridgestone from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Bridgestone presently has an average rating of “Moderate Buy”.

Bridgestone Trading Down 2.1%

The business’s 50-day simple moving average is $11.31 and its 200-day simple moving average is $18.70. The company has a market cap of $26.73 billion, a PE ratio of 14.74, a P/E/G ratio of 0.94 and a beta of 0.52. The company has a current ratio of 2.55, a quick ratio of 1.66 and a debt-to-equity ratio of 0.18.

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.