Bridgestone (OTCMKTS:BRDCY) Stock Price Up 5.2% – Should You Buy?

Bridgestone Corp. (OTCMKTS:BRDCY)’s share price traded up 5.2% during trading on Thursday. The stock traded as high as $13.66 and last traded at $13.66. 26,143 shares were traded during trading, a decline of 90% from the average daily volume of 261,346 shares. The stock had previously closed at $12.99.

Wall Street Analysts Forecast Growth

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

Bridgestone Stock Performance

The stock has a market cap of $34.92 billion, a PE ratio of 21.12, a P/E/G ratio of 1.16 and a beta of 0.62. The company has a fifty day moving average price of $12.42 and a 200 day moving average price of $11.52. The company has a quick ratio of 1.92, a current ratio of 2.78 and a debt-to-equity ratio of 0.20.

Bridgestone Company Profile

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.