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

Bridgestone Corp. (OTCMKTS:BRDCY – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $12.28, but opened at $11.77. Bridgestone shares last traded at $12.1735, with a volume of 102,282 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently commented on BRDCY. Zacks Research upgraded Bridgestone from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Sanford C. Bernstein cut shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group cut shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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Bridgestone Trading Down 1.2%

The company’s 50-day moving average is $12.18 and its 200 day moving average is $11.20. 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 firm has a market cap of $32.38 billion, a PE ratio of 18.96, a P/E/G ratio of 1.11 and a beta of 0.54.

About Bridgestone

(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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