Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – What’s Next?

Bridgestone Corp. (OTCMKTS:BRDCY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $22.90, but opened at $23.89. Bridgestone shares last traded at $22.94, with a volume of 1,996 shares changing hands.

Wall Street Analyst Weigh In

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

Bridgestone Trading Up 0.5%

The company has a 50 day moving average of $22.71 and a 200-day moving average of $22.16. The stock has a market cap of $31.42 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.51 and a beta of 0.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.48.

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.