Bridgestone (OTCMKTS:BRDCY) Sees Large Volume Increase – Here’s What Happened

Bridgestone Corp. (OTCMKTS:BRDCY) saw unusually-strong trading volume on Wednesday. Approximately 270,736 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 267,506 shares. The stock last traded at $13.01 and had previously closed at $12.68.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein cut Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Zacks Research downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Four analysts have rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold”.

Bridgestone Stock Performance

The company has a current ratio of 2.78, a quick ratio of 1.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $32.76 billion, a PE ratio of 19.82, a P/E/G ratio of 1.11 and a beta of 0.57. The business’s 50-day moving average price is $12.44 and its 200-day moving average price is $11.48.

Bridgestone Company Profile

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger cars, trucks, buses, motorcycles, aircraft, construction equipment, mining vehicles, agricultural machinery and other specialty applications. Its portfolio also includes retreaded tires and related services designed to support commercial and industrial fleets.

Founded in 1931 by Shojiro Ishibashi, Bridgestone has grown into a global mobility and materials company.