Bridgestone (OTCMKTS:BRDCY) Shares Gap Down – Here’s What Happened

Shares of Bridgestone Corp. (OTCMKTS:BRDCY) gapped down before the market opened on Wednesday . The stock had previously closed at $10.91, but opened at $10.62. Bridgestone shares last traded at $11.05, with a volume of 35,298 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BRDCY. CLSA upgraded Bridgestone to a “strong-buy” rating in a research note 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 equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Bridgestone Trading Up 1.2%

The company’s 50 day simple moving average is $20.86 and its two-hundred day simple moving average is $21.73. The company has a market capitalization of $31.52 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 1.04 and a beta of 0.51. 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 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.