Bridgestone (OTCMKTS:BRDCY) Sees Strong Trading Volume – What’s Next?

Shares of Bridgestone Corp. (OTCMKTS:BRDCY) saw strong trading volume on Friday . 328,056 shares changed hands during mid-day trading, an increase of 27% from the previous session’s volume of 258,188 shares.The stock last traded at $12.0750 and had previously closed at $11.61.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Bridgestone from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Bridgestone Price Performance

The business has a fifty day moving average of $18.02 and a 200 day moving average of $20.96. 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 market cap of $32.20 billion, a P/E ratio of 17.75, a PEG ratio of 1.08 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.