Bridgestone (OTCMKTS:BRDCY) Sees Strong Trading Volume – Here’s Why

Bridgestone Corp. (OTCMKTS:BRDCY) saw unusually-strong trading volume on Tuesday . Approximately 302,970 shares traded hands during mid-day trading, an increase of 40% from the previous session’s volume of 217,107 shares.The stock last traded at $11.3150 and had previously closed at $11.21.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. CLSA upgraded shares of Bridgestone to a “strong-buy” rating in a research 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 equities research 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, the stock currently has a consensus rating of “Moderate Buy”.

Bridgestone Stock Down 0.4%

The business has a 50-day moving average price of $19.21 and a 200 day moving average price of $21.26. 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 stock has a market capitalization of $32.12 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.05 and a beta of 0.51.

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.