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

Bridgestone Corp. (OTCMKTS:BRDCY) gapped up before the market opened on Tuesday. The stock had previously closed at $13.02, but opened at $13.7699. Bridgestone shares last traded at $13.32, with a volume of 5,679 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BRDCY shares. Zacks Research cut Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Sanford C. Bernstein lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Four research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Bridgestone Stock Down 2.6%

The company has a market cap of $34.20 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.13 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.78 and a quick ratio of 1.92. The stock has a fifty day moving average price of $12.41 and a two-hundred day moving average price of $11.50.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber products. Its offerings include tires for passenger cars, trucks, buses, motorcycles, aircraft, and off-the-road vehicles, as well as related tire and mobility services. Founded in 1931 by Shojiro Ishibashi, the company takes its name from an English translation of its founder’s surname. Bridgestone acquired the U.S. tire maker Firestone in 1988, expanding its operations and product presence in North America. Bridgestone serves customers worldwide through manufacturing, sales, and service operations across multiple regions.