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

Bridgestone Corp. (OTCMKTS:BRDCY)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $12.32, but opened at $12.9999. Bridgestone shares last traded at $12.3675, with a volume of 3,242 shares traded.

Analyst Ratings Changes

Several research analysts have commented on BRDCY shares. Zacks Research lowered Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. The Goldman Sachs Group downgraded Bridgestone from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Finally, Sanford C. Bernstein downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Four research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Bridgestone has an average rating of “Hold”.

Bridgestone Stock Performance

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 $32.09 billion, a PE ratio of 19.41, a P/E/G ratio of 1.08 and a beta of 0.57. The stock’s 50-day simple moving average is $12.48 and its 200 day simple moving average is $11.38.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger vehicles, trucks and buses, motorcycles, aircraft, agricultural equipment, mining and construction vehicles, and other commercial applications.

Beyond replacement and original-equipment tires, Bridgestone provides tire retreading, vehicle maintenance, and fleet-management services. Its broader business also includes industrial rubber products, materials, and mobility solutions designed to support transportation, manufacturing, construction, and other industries.

Founded in 1931 by Shojiro Ishibashi, Bridgestone is headquartered in Tokyo and serves customers through operations, manufacturing facilities, distribution networks, and retail channels across markets worldwide.