Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – Time to Buy?

Bridgestone Corp. (OTCMKTS:BRDCY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $10.26, but opened at $10.69. Bridgestone shares last traded at $10.3150, with a volume of 5,097 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Smbc Nikko Sec. lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Zacks Research lowered shares of Bridgestone from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Bridgestone Trading Down 0.6%

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.55 and a quick ratio of 1.76. The firm has a market capitalization of $27.21 billion, a PE ratio of 15.00, a P/E/G ratio of 1.00 and a beta of 0.55. The company’s fifty day simple moving average is $10.71 and its 200-day simple moving average is $16.04.

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.