Bridgestone (OTCMKTS:BRDCY) Reaches New 12-Month High – Here’s Why

Bridgestone Corp. (OTCMKTS:BRDCY)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $12.56 and last traded at $12.54, with a volume of 63101 shares. The stock had previously closed at $11.84.

Analyst Upgrades and Downgrades

BRDCY has been the subject of several recent research reports. The Goldman Sachs Group downgraded shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. Zacks Research upgraded Bridgestone from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bridgestone currently has an average rating of “Moderate Buy”.

Bridgestone Price Performance

The company has a market cap of $33.38 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 1.55 and a beta of 0.56. The company has a current ratio of 2.71, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $10.86 and a 200 day moving average price of $10.92.

Bridgestone (OTCMKTS:BRDCY) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The firm had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. As a group, research analysts expect that Bridgestone Corp. will post 0.86 earnings per share for the current fiscal year.

About Bridgestone

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.