Bridgestone (OTCMKTS:BRDCY) Sees Large Volume Increase – Should You Buy?

Shares of Bridgestone Corp. (OTCMKTS:BRDCY) saw an uptick in trading volume on Monday . 439,350 shares changed hands during trading, an increase of 53% from the previous session’s volume of 288,055 shares.The stock last traded at $12.7950 and had previously closed at $12.92.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zacks Research raised shares of Bridgestone from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. The Goldman Sachs Group cut Bridgestone from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Finally, Sanford C. Bernstein downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Bridgestone currently has an average rating of “Moderate Buy”.

Bridgestone Price Performance

The firm’s fifty day moving average price is $11.53 and its 200 day moving average price is $11.10. The company has a quick ratio of 1.83, a current ratio of 2.71 and a debt-to-equity ratio of 0.18. The stock has a market cap of $33.64 billion, a PE ratio of 19.70, a P/E/G ratio of 1.18 and a beta of 0.54.

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.