Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – Time to Buy?

by · The Markets Daily

Bridgestone Corp. (OTCMKTS:BRDCY – Get Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $22.61, but opened at $23.95. Bridgestone shares last traded at $23.0650, with a volume of 4,257 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. CLSA upgraded shares of Bridgestone to a “strong-buy” rating in a research note on Wednesday, October 1st. Zacks Research downgraded shares of Bridgestone from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on Bridgestone

Bridgestone Trading Up 0.2%

The company has a market cap of $31.79 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.53 and a beta of 0.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.48 and a quick ratio of 1.66. The business’s 50-day simple moving average is $22.68 and its 200-day simple moving average is $22.04.

About Bridgestone

(Get Free Report)

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and off-road mining vehicles, industrial and agricultural machinery, aircraft, motorcycles, scooters, and other vehicles; automotive parts; automotive maintenance and repair services; and raw materials for tires and other products.

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