Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – Still a Buy?

Bridgestone Corp. (OTCMKTS:BRDCY) shares gapped up prior to trading on Monday. The stock had previously closed at $12.1590, but opened at $12.6799. Bridgestone shares last traded at $12.13, with a volume of 51,379 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BRDCY. Sanford C. Bernstein lowered Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Zacks Research raised shares of Bridgestone from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, The Goldman Sachs Group lowered shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Bridgestone Trading Down 0.5%

The firm has a market capitalization of $31.24 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 1.07 and a beta of 0.54. The business has a 50-day moving average of $12.43 and a two-hundred day moving average of $11.24. The company has a quick ratio of 1.83, a current ratio of 2.71 and a debt-to-equity ratio of 0.18.

About Bridgestone

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.