Bridgestone (OTCMKTS:BRDCY) Shares Gap Down – Time to Sell?

Bridgestone Corp. (OTCMKTS:BRDCY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $11.82, but opened at $11.21. Bridgestone shares last traded at $11.63, with a volume of 102,381 shares traded.

Analyst Ratings Changes

A number of brokerages have weighed in on BRDCY. Zacks Research raised shares of Bridgestone from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Smbc Nikko Sec. upgraded shares of Bridgestone to a “strong-buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Bridgestone Trading Down 1.4%

The business’s 50-day moving average price is $15.82 and its 200 day moving average price is $20.36. The company has a market cap of $31.16 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.09 and a beta of 0.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.48.

About Bridgestone

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.