Bridgestone (OTCMKTS:BRDCY) Sees Large Volume Increase – Here’s Why

Bridgestone Corp. (OTCMKTS:BRDCY) shares saw strong trading volume on Wednesday . 190,013 shares were traded during mid-day trading, a decline of 30% from the previous session’s volume of 270,559 shares.The stock last traded at $11.89 and had previously closed at $11.77.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Bridgestone from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Bridgestone presently has an average rating of “Moderate Buy”.

Bridgestone Stock Up 0.9%

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 50 day moving average price of $16.28 and a 200 day moving average price of $20.48. The company has a market capitalization of $31.70 billion, a P/E ratio of 17.47, a PEG ratio of 1.17 and a beta of 0.54.

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.