Bridgestone (OTCMKTS:BRDCY) Sets New 1-Year High – What’s Next?

Bridgestone Corp. (OTCMKTS:BRDCY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $12.28 and last traded at $12.25, with a volume of 24937 shares. The stock had previously closed at $12.16.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded 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 given a Sell rating to the company. Based on data from MarketBeat, Bridgestone presently has an average rating of “Moderate Buy”.

Bridgestone Trading Up 0.6%

The stock has a 50-day simple moving average of $17.35 and a two-hundred day simple moving average of $20.77. 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 firm has a market cap of $32.63 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.13 and a beta of 0.54.

About Bridgestone

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.