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

Bridgestone Corp. (OTCMKTS:BRDCY) shares gapped down prior to trading on Monday . The stock had previously closed at $10.47, but opened at $9.97. Bridgestone shares last traded at $10.54, with a volume of 8,402 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of Bridgestone from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Smbc Nikko Sec. cut shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Bridgestone has an average rating of “Moderate Buy”.

Bridgestone Price Performance

The stock’s 50-day simple moving average is $11.13 and its 200 day simple moving average is $17.54. The company has a quick ratio of 1.76, a current ratio of 2.55 and a debt-to-equity ratio of 0.18. The company has a market cap of $28.05 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.02 and a beta of 0.58.

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.