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

Shares of Bridgestone Corp. (OTCMKTS:BRDCY) gapped down before the market opened on Tuesday . The stock had previously closed at $11.26, but opened at $10.52. Bridgestone shares last traded at $10.96, with a volume of 503,738 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BRDCY. CLSA raised shares of Bridgestone to a “strong-buy” rating in a report on Wednesday, October 1st. Zacks Research cut shares of Bridgestone from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Bridgestone currently has a consensus rating of “Moderate Buy”.

Bridgestone Price Performance

The firm has a 50 day moving average of $21.55 and a 200-day moving average of $21.92. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The company has a market cap of $31.26 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.02 and a beta of 0.51.

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.