Bridgestone (OTCMKTS:BRDCY) Shares Gap Down – Time to Sell?

Bridgestone Corp. (OTCMKTS:BRDCY) gapped down prior to trading on Friday . The stock had previously closed at $11.82, but opened at $11.21. Bridgestone shares last traded at $11.63, with a volume of 102,381 shares changing hands.

Wall Street Analysts Forecast Growth

BRDCY has been the topic of a number of recent research reports. Zacks Research upgraded Bridgestone from a “strong sell” rating to a “hold” rating in a report on Wednesday. Smbc Nikko Sec. upgraded Bridgestone to a “strong-buy” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Bridgestone Price Performance

The stock has a market capitalization of $31.16 billion, a P/E ratio of 17.18, a PEG ratio of 1.09 and a beta of 0.54. The company’s 50 day simple moving average is $15.82 and its two-hundred day simple moving average is $20.36. 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

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.