Bridgestone (OTCMKTS:BRDCY) Shares Gap Down – Here’s What Happened

Bridgestone Corp. (OTCMKTS:BRDCY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $11.26, but opened at $10.52. Bridgestone shares last traded at $10.96, with a volume of 503,738 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. CLSA raised Bridgestone to a “strong-buy” rating in a research report on Wednesday, October 1st. Zacks Research downgraded shares of Bridgestone from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Bridgestone Stock Performance

The company’s fifty day simple moving average is $22.23 and its two-hundred day simple moving average is $22.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.48. The stock has a market capitalization of $31.30 billion, a P/E ratio of 8.12, a PEG ratio of 1.02 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.