Bridgestone (OTCMKTS:BRDCY) Shares Gap Down – Should You Sell?

by · The Cerbat Gem

Bridgestone Corp. (OTCMKTS:BRDCY – Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $12.21, but opened at $11.74. Bridgestone shares last traded at $12.1850, with a volume of 576 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. The Goldman Sachs Group downgraded shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Zacks Research lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Sanford C. Bernstein cut Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold”.

Read Our Latest Report on BRDCY

Bridgestone Stock Up 0.8%

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 fifty day moving average of $12.48 and a two-hundred day moving average of $11.39.

About Bridgestone

(Get Free Report)

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.

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