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

Bridgestone Corp. (OTCMKTS:BRDCY) gapped down before the market opened on Friday . The stock had previously closed at $23.45, but opened at $22.5445. Bridgestone shares last traded at $22.5450, with a volume of 4,260 shares.

Analyst Ratings Changes

A number of brokerages recently commented on BRDCY. CLSA upgraded shares of Bridgestone to a “strong-buy” rating in a research note on Wednesday, October 1st. Zacks Research cut Bridgestone from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Bridgestone Trading Down 4.1%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.48. The company has a market capitalization of $30.82 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.56 and a beta of 0.49. The firm has a fifty day moving average price of $22.72 and a 200-day moving average price of $21.98.

Bridgestone Company Profile

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and off-road mining vehicles, industrial and agricultural machinery, aircraft, motorcycles, scooters, and other vehicles; automotive parts; automotive maintenance and repair services; and raw materials for tires and other products.