Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – Here’s Why

Bridgestone Corp. (OTCMKTS:BRDCY) shares gapped up prior to trading on Monday . The stock had previously closed at $22.25, but opened at $23.42. Bridgestone shares last traded at $23.42, with a volume of 312 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, CLSA raised shares of Bridgestone to a “strong-buy” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Bridgestone presently has an average rating of “Strong Buy”.

Bridgestone Stock Performance

The firm has a market cap of $32.48 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.38 and a beta of 0.50. The firm’s 50 day moving average is $22.76 and its 200-day moving average is $21.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 2.51.

About Bridgestone

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and off-road mining vehicles, industrial and agricultural machinery, aircraft, motorcycles, scooters, and other vehicles; automotive parts; automotive maintenance and repair services; and raw materials for tires and other products.