Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – Should You Buy?

Bridgestone Corp. (OTCMKTS:BRDCY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $10.8150, but opened at $11.3250. Bridgestone shares last traded at $11.2375, with a volume of 808 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on BRDCY shares. The Goldman Sachs Group lowered Bridgestone from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. Zacks Research upgraded Bridgestone from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Finally, Smbc Nikko Sec. cut Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Bridgestone Stock Performance

The company has a market cap of $29.95 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.42 and a beta of 0.56. The firm has a 50 day moving average price of $10.55 and a 200-day moving average price of $12.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 2.71.

Bridgestone (OTCMKTS:BRDCY) last announced its earnings results on Thursday, May 14th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. The firm had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. On average, research analysts predict that Bridgestone Corp. will post 0.87 EPS for the current year.

About Bridgestone

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world’s largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company’s core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off?the?road equipment, and aircraft.