Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – Time to Buy?

Bridgestone Corp. (OTCMKTS:BRDCY – Get Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $11.89, but opened at $12.35. Bridgestone shares last traded at $11.92, with a volume of 15,179 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Zacks Research raised shares of Bridgestone from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Sanford C. Bernstein cut Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group downgraded Bridgestone from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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Bridgestone Stock Performance

The company has a market cap of $31.48 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 2.71. The business has a 50 day moving average price of $12.40 and a two-hundred day moving average price of $11.23.

Bridgestone Company Profile

(Get Free Report)

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company produces tires for passenger cars, trucks and buses, motorcycles, aircraft, agricultural equipment, construction and mining vehicles, and other specialized applications. Its portfolio includes the Bridgestone and Firestone brands, as well as other regional and specialty brands.

In addition to replacement and original-equipment tires, Bridgestone provides automotive and commercial mobility solutions, tire-related services, fleet support, and systems designed to help customers monitor and manage tire performance.

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