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

Bridgestone Corp. (OTCMKTS:BRDCY) gapped down before the market opened on Friday . The stock had previously closed at $11.82, but opened at $11.21. Bridgestone shares last traded at $11.63, with a volume of 102,381 shares traded.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Bridgestone from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Smbc Nikko Sec. upgraded Bridgestone to a “strong-buy” rating in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Bridgestone Price Performance

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 has a market capitalization of $31.16 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.08 and a beta of 0.54. The stock’s 50 day moving average is $15.59 and its two-hundred day moving average is $20.29.

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.