Bridgestone (OTCMKTS:BRDCY) Shares Gap Down – Should You Sell?

by · The Cerbat Gem

Shares of Bridgestone Corp. (OTCMKTS:BRDCY – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $23.45, but opened at $22.5445. Bridgestone shares last traded at $22.5450, with a volume of 4,260 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BRDCY shares. Zacks Research lowered shares of Bridgestone from a “hold” rating to a “strong sell” rating in a report on Tuesday. CLSA raised shares of Bridgestone to a “strong-buy” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Bridgestone has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on BRDCY

Bridgestone Stock Performance

The stock has a 50 day moving average price of $22.72 and a two-hundred day moving average price of $21.98. The company has a market capitalization of $30.82 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.56 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.

Bridgestone Company Profile

(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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