Bridgestone (OTCMKTS:BRDCY) Shares Gap Down – Time to Sell?

by · The Markets Daily

Bridgestone Corp. (OTCMKTS:BRDCY – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $12.28, but opened at $11.77. Bridgestone shares last traded at $12.1735, with a volume of 102,282 shares trading hands.

Wall Street Analysts Forecast Growth

BRDCY has been the topic of several research reports. The Goldman Sachs Group cut Bridgestone from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. Zacks Research upgraded Bridgestone from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Sanford C. Bernstein downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on BRDCY

Bridgestone Stock Performance

The stock’s 50-day moving average price is $12.24 and its 200-day moving average price is $11.20. The company has a current ratio of 2.71, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $32.28 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.06 and a beta of 0.54.

Bridgestone Company Profile

(Get Free Report)

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company produces tires for passenger cars, trucks and buses, motorcycles, aircraft, agricultural equipment, construction and mining vehicles, and other specialized applications. Its portfolio includes the Bridgestone and Firestone brands, as well as other regional and specialty brands.

In addition to replacement and original-equipment tires, Bridgestone provides automotive and commercial mobility solutions, tire-related services, fleet support, and systems designed to help customers monitor and manage tire performance.

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