Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – Time to Buy?

Bridgestone Corp. (OTCMKTS:BRDCY) gapped up before the market opened on Wednesday . The stock had previously closed at $22.70, but opened at $23.2999. Bridgestone shares last traded at $22.1680, with a volume of 2,313 shares changing hands.

Wall Street Analysts Forecast Growth

BRDCY has been the subject of several research reports. CLSA upgraded Bridgestone to a “strong-buy” rating in a research note on Wednesday, October 1st. Zacks Research lowered Bridgestone from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bridgestone has a consensus rating of “Moderate Buy”.

Bridgestone Stock Performance

The company’s 50 day simple moving average is $22.82 and its 200 day simple moving average is $22.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.48. The stock has a market cap of $29.34 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.52 and a beta of 0.49.

Bridgestone Company Profile

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world’s largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company’s core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off‑the‑road equipment, and aircraft.