Zacks Research Upgrades Bridgestone (OTCMKTS:BRDCY) to Hold

Bridgestone (OTCMKTS:BRDCY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Smbc Nikko Sec. raised Bridgestone to a “strong-buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Bridgestone presently has an average rating of “Buy”.

Bridgestone Stock Down 1.7%

Shares of Bridgestone stock traded down $0.20 during midday trading on Wednesday, reaching $11.65. 146,075 shares of the company’s stock traded hands, compared to its average volume of 277,437. 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 has a 52 week low of $8.82 and a 52 week high of $12.55. The company’s 50 day simple moving average is $15.82 and its 200 day simple moving average is $20.36. The company has a market cap of $31.08 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.09 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.