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

Bridgestone Corp. (OTCMKTS:BRDCY) shares gapped up before the market opened on Tuesday. The stock had previously closed at $13.02, but opened at $13.7699. Bridgestone shares last traded at $13.32, with a volume of 5,679 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BRDCY shares. Zacks Research cut Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Sanford C. Bernstein downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Bridgestone Trading Down 2.6%

The company has a quick ratio of 1.92, a current ratio of 2.78 and a debt-to-equity ratio of 0.20. The firm has a market cap of $34.20 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.13 and a beta of 0.62. The firm’s 50-day simple moving average is $12.41 and its 200 day simple moving average is $11.50.

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.