Bridgestone (OTCMKTS:BRDCY) Shares Gap Down – What’s Next?

Bridgestone Corp. (OTCMKTS:BRDCY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $12.28, but opened at $11.77. Bridgestone shares last traded at $12.1735, with a volume of 102,282 shares changing hands.

Wall Street Analyst Weigh In

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

Bridgestone Price Performance

The company’s 50-day moving average is $12.18 and its 200-day moving average is $11.20. The firm has a market capitalization of $32.38 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.11 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.71 and a quick ratio of 1.83.

Bridgestone Company Profile

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company produces tires for passenger cars, trucks and buses, motorcycles, aircraft, agricultural equipment, construction and mining vehicles, and other specialized applications. Its portfolio includes the Bridgestone and Firestone brands, as well as other regional and specialty brands.

In addition to replacement and original-equipment tires, Bridgestone provides automotive and commercial mobility solutions, tire-related services, fleet support, and systems designed to help customers monitor and manage tire performance.