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

Bridgestone Corp. (OTCMKTS:BRDCY) shares gapped up prior to trading on Tuesday. The stock had previously closed at $12.32, but opened at $12.9999. Bridgestone shares last traded at $12.3675, with a volume of 3,242 shares trading hands.

Wall Street Analysts Forecast Growth

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

Bridgestone Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.92 and a current ratio of 2.78. The firm has a market capitalization of $32.10 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.09 and a beta of 0.57. The business has a fifty day moving average of $12.48 and a two-hundred day moving average of $11.41.

About Bridgestone

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.