Shares of Bridgestone Corp. (OTCMKTS:BRDCY – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $12.41, but opened at $13.12. Bridgestone shares last traded at $12.5570, with a volume of 346,049 shares trading hands.
Wall Street Analyst Weigh In
BRDCY has been the topic of several recent research reports. Zacks Research cut Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Sanford C. Bernstein cut Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
View Our Latest Stock Report on Bridgestone
Bridgestone Trading Up 1.8%
The company has a quick ratio of 1.92, a current ratio of 2.78 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $32.83 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.10 and a beta of 0.57. The company’s 50 day simple moving average is $12.40 and its two-hundred day simple moving average is $11.44.
Bridgestone Company Profile
Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger cars, trucks, buses, motorcycles, aircraft, construction equipment, mining vehicles, agricultural machinery and other specialty applications. Its portfolio also includes retreaded tires and related services designed to support commercial and industrial fleets.
Founded in 1931 by Shojiro Ishibashi, Bridgestone has grown into a global mobility and materials company.
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