Bridgestone (OTCMKTS:BRDCY) Sees Strong Trading Volume – Time to Buy?

Shares of Bridgestone Corp. (OTCMKTS:BRDCY) saw unusually-high trading volume on Tuesday . Approximately 388,660 shares were traded during trading, an increase of 42% from the previous session’s volume of 273,716 shares.The stock last traded at $10.40 and had previously closed at $10.40.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BRDCY shares. Zacks Research raised Bridgestone from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Smbc Nikko Sec. cut shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Bridgestone Stock Down 0.4%

The stock has a market capitalization of $27.63 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.97 and a beta of 0.52. 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 stock has a 50 day moving average price of $11.84 and a 200 day moving average price of $19.02.

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.