Bridgestone (OTCMKTS:BRDCY) Sees Strong Trading Volume – Still a Buy?

Bridgestone Corp. (OTCMKTS:BRDCY) shares saw an uptick in trading volume on Tuesday . 228,374 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 284,018 shares.The stock last traded at $12.85 and had previously closed at $12.89.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BRDCY. Sanford C. Bernstein lowered Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. The Goldman Sachs Group cut shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. Finally, Zacks Research upgraded shares of Bridgestone from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Bridgestone has an average rating of “Moderate Buy”.

Bridgestone Price Performance

The company has a quick ratio of 1.83, a current ratio of 2.71 and a debt-to-equity ratio of 0.18. The stock has a market cap of $34.52 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.13 and a beta of 0.54. The company’s 50-day moving average is $12.02 and its 200-day moving average is $11.19.

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.