Bridgestone (OTCMKTS:BRDCY) Stock Rating Lowered by Smbc Nikko Sec.

Bridgestone (OTCMKTS:BRDCY) was downgraded by equities research analysts at Smbc Nikko Sec. from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Zacks Research raised shares of Bridgestone from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Bridgestone Trading Down 1.9%

Shares of BRDCY stock traded down $0.21 during trading hours on Wednesday, reaching $10.41. The company had a trading volume of 53,775 shares, compared to its average volume of 265,118. The firm has a market cap of $27.76 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.00 and a beta of 0.52. Bridgestone has a 1-year low of $8.82 and a 1-year high of $12.55. The company has a 50 day moving average of $12.33 and a 200 day moving average of $19.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.48 and a quick ratio of 1.66.

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.