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

Bridgestone Corp. (OTCMKTS:BRDCY)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $12.41, but opened at $13.12. Bridgestone shares last traded at $12.5570, with a volume of 346,049 shares.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Sanford C. Bernstein cut Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Zacks Research lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Four analysts have rated the stock with a Hold rating. According to MarketBeat.com, Bridgestone presently has a consensus rating of “Hold”.

Bridgestone Price Performance

The stock’s fifty day moving average price is $12.40 and its 200-day moving average price is $11.44. The firm has a market cap of $32.83 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.10 and a beta of 0.57. The company has a current ratio of 2.78, a quick ratio of 1.92 and a debt-to-equity ratio of 0.20.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger cars, trucks, buses, motorcycles, aircraft, construction equipment, mining vehicles, agricultural machinery and other specialty applications. Its portfolio also includes retreaded tires and related services designed to support commercial and industrial fleets.

Founded in 1931 by Shojiro Ishibashi, Bridgestone has grown into a global mobility and materials company.