Bridgestone (OTCMKTS:BRDCY) Sets New 52-Week High – What’s Next?

Bridgestone Corp. (OTCMKTS:BRDCY)’s share price reached a new 52-week high during trading on Monday. The stock traded as high as $13.64 and last traded at $13.64, with a volume of 146,615 shares. The stock had previously closed at $13.02.

Analyst Ratings Changes

BRDCY has been the topic of several recent analyst 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 lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Bridgestone Stock Up 4.4%

The business’s 50 day simple moving average is $12.39 and its 200-day simple moving average is $11.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.92 and a current ratio of 2.78. The company has a market cap of $35.11 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 1.14 and a beta of 0.62.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber products. Its offerings include tires for passenger cars, trucks, buses, motorcycles, aircraft, and off-the-road vehicles, as well as related tire and mobility services.

Founded in 1931 by Shojiro Ishibashi, the company takes its name from an English translation of its founder’s surname. Bridgestone acquired the U.S. tire maker Firestone in 1988, expanding its operations and product presence in North America.

Bridgestone serves customers worldwide through manufacturing, sales, and service operations across multiple regions.