Bridgestone (OTCMKTS:BRDCY) Sets New 12-Month High – Should You Buy?

Bridgestone Corp. (OTCMKTS:BRDCY)’s stock price reached a new 52-week high on Monday. The stock traded as high as $13.64 and last traded at $13.64, with a volume of 146,615 shares trading hands. The stock had previously closed at $13.02.

Analysts Set New Price Targets

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

Bridgestone Price Performance

The business’s 50-day moving average price is $12.42 and its 200 day moving average price is $11.51. The company has a quick ratio of 1.92, a current ratio of 2.78 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $33.55 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.19 and a beta of 0.62.

Bridgestone Company Profile

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.