Bridgestone (OTCMKTS:BRDCY) Hits New 1-Year High – Should You Buy?

Bridgestone Corp. (OTCMKTS:BRDCY – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $12.56 and last traded at $12.54, with a volume of 63101 shares. The stock had previously closed at $11.84.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BRDCY. Zacks Research raised shares of Bridgestone from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group cut shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

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Bridgestone Trading Up 2.0%

The company has a current ratio of 2.71, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $10.95 and a 200-day simple moving average of $10.94. The company has a market capitalization of $34.02 billion, a PE ratio of 19.92, a PEG ratio of 1.66 and a beta of 0.56.

Bridgestone (OTCMKTS:BRDCY – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. Analysts predict that Bridgestone Corp. will post 0.86 EPS for the current year.

About Bridgestone

(Get Free Report)

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.

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