Bridgestone (OTCMKTS:BRDCY) Sees Unusually-High Trading Volume – Time to Buy?

Bridgestone Corp. (OTCMKTS:BRDCY) saw an uptick in trading volume on Wednesday. 270,736 shares changed hands during trading, an increase of 1% from the previous session’s volume of 267,506 shares. The stock last traded at $13.01 and had previously closed at $12.68.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein cut Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Zacks Research cut shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has an average rating of “Hold”.

Bridgestone Stock Performance

The firm has a 50-day moving average price of $12.42 and a 200 day moving average price of $11.51. The company has a quick ratio of 1.92, a current ratio of 2.78 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $32.65 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57.

Bridgestone Company Profile

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger cars, trucks, buses, motorcycles, aircraft, construction equipment, mining vehicles, agricultural machinery and other specialty applications. Its portfolio also includes retreaded tires and related services designed to support commercial and industrial fleets.

Founded in 1931 by Shojiro Ishibashi, Bridgestone has grown into a global mobility and materials company.