Bridgestone (OTCMKTS:BRDCY) Hits New 1-Year High – Still a Buy?

Bridgestone Corp. (OTCMKTS:BRDCY) shares hit a new 52-week high during trading on Monday. The stock traded as high as $13.64 and last traded at $13.64, with a volume of 146,615 shares. The stock had previously closed at $13.02.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BRDCY. Zacks Research lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Sanford C. Bernstein lowered Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Bridgestone currently has an average rating of “Hold”.

Bridgestone Stock Up 4.4%

The firm has a 50-day moving average of $12.39 and a two-hundred day moving average of $11.49. The firm has a market cap of $35.11 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.14 and a beta of 0.62. The company has a current ratio of 2.78, a quick ratio of 1.92 and a debt-to-equity ratio of 0.20.

Bridgestone Company Profile

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.