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

Bridgestone Corp. (OTCMKTS:BRDCY) gapped down before the market opened on Wednesday. The stock had previously closed at $13.59, but opened at $12.56. Bridgestone shares last traded at $12.94, with a volume of 37,363 shares traded.

Analyst Ratings Changes

Several analysts have commented on BRDCY shares. Zacks Research lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Sanford C. Bernstein downgraded shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Bridgestone Stock Performance

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 company has a 50 day simple moving average of $12.43 and a 200-day simple moving average of $11.53.

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.