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

Bridgestone Corp. (OTCMKTS:BRDCY) shares gapped up prior to trading on Tuesday. The stock had previously closed at $12.32, but opened at $12.9999. Bridgestone shares last traded at $12.3675, with a volume of 3,242 shares traded.

Analyst Upgrades and Downgrades

BRDCY has been the topic of several recent research reports. Sanford C. Bernstein lowered shares of 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. Finally, The Goldman Sachs Group downgraded shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Four analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Bridgestone Stock Performance

The company has a current ratio of 2.78, a quick ratio of 1.92 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $32.09 billion, a PE ratio of 19.41, a PEG ratio of 1.08 and a beta of 0.57. The stock’s 50 day moving average price is $12.48 and its two-hundred day moving average price is $11.38.

Bridgestone Company Profile

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger vehicles, trucks and buses, motorcycles, aircraft, agricultural equipment, mining and construction vehicles, and other commercial applications.

Beyond replacement and original-equipment tires, Bridgestone provides tire retreading, vehicle maintenance, and fleet-management services. Its broader business also includes industrial rubber products, materials, and mobility solutions designed to support transportation, manufacturing, construction, and other industries.

Founded in 1931 by Shojiro Ishibashi, Bridgestone is headquartered in Tokyo and serves customers through operations, manufacturing facilities, distribution networks, and retail channels across markets worldwide.