Bridgestone (OTCMKTS:BRDCY) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Bridgestone Corp. (OTCMKTS:BRDCY) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.01 and traded as low as $10.96. Bridgestone shares last traded at $11.21, with a volume of 390,402 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BRDCY. Zacks Research upgraded Bridgestone from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Smbc Nikko Sec. raised shares of Bridgestone to a “strong-buy” rating in a research report on Tuesday, February 17th. Two investment 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, Bridgestone currently has a consensus rating of “Buy”.

Bridgestone Stock Down 3.6%

The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $14.01 and a 200-day simple moving average of $19.77. The stock has a market cap of $29.91 billion, a P/E ratio of 16.49, a PEG ratio of 1.07 and a beta of 0.52.

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.