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

Shares of Bridgestone Corp. (OTCMKTS:BRDCY) gapped up before the market opened on Tuesday . The stock had previously closed at $11.89, but opened at $12.35. Bridgestone shares last traded at $11.92, with a volume of 15,179 shares.

Analysts Set New Price Targets

BRDCY has been the topic of a number of research analyst reports. Sanford C. Bernstein lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Zacks Research upgraded shares of Bridgestone from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Bridgestone Stock Performance

The stock has a market capitalization of $31.70 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.04 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. The stock has a 50-day moving average of $12.38 and a 200 day moving average of $11.22.

About Bridgestone

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.