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

Bridgestone Corp. (OTCMKTS:BRDCY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $22.61, but opened at $23.95. Bridgestone shares last traded at $23.0650, with a volume of 4,257 shares traded.

Wall Street Analysts Forecast Growth

BRDCY has been the subject of several recent analyst reports. Zacks Research downgraded shares of Bridgestone from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. CLSA raised shares of Bridgestone to a “strong-buy” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Bridgestone presently has an average rating of “Moderate Buy”.

Bridgestone Stock Up 1.7%

The stock has a market cap of $31.50 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.49 and a beta of 0.49. The stock has a 50 day simple moving average of $22.68 and a 200 day simple moving average of $22.02. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.17.

Bridgestone Company Profile

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and off-road mining vehicles, industrial and agricultural machinery, aircraft, motorcycles, scooters, and other vehicles; automotive parts; automotive maintenance and repair services; and raw materials for tires and other products.