Bridgestone (OTCMKTS:BRDCY) Sees Strong Trading Volume – Here’s What Happened

Bridgestone Corp. (OTCMKTS:BRDCY) saw strong trading volume on Tuesday . 302,970 shares traded hands during mid-day trading, an increase of 40% from the previous session’s volume of 217,107 shares.The stock last traded at $11.3150 and had previously closed at $11.21.

Wall Street Analyst Weigh In

BRDCY has been the subject of several recent analyst reports. CLSA upgraded Bridgestone to a “strong-buy” rating in a research report on Wednesday, October 1st. Zacks Research cut Bridgestone from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Bridgestone currently has a consensus rating of “Moderate Buy”.

Bridgestone Stock Performance

The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $19.89 and a 200 day moving average price of $21.47. The stock has a market cap of $32.37 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51.

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.