Bridgestone (OTCMKTS:BRDCY) Reaches New 52-Week High – Here’s Why

Bridgestone Corp. (OTCMKTS:BRDCY)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $12.28 and last traded at $12.25, with a volume of 24937 shares changing hands. The stock had previously closed at $12.16.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Bridgestone from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Bridgestone Stock Up 0.6%

The firm has a market capitalization of $32.63 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.13 and a beta of 0.54. The company has a fifty day simple moving average of $17.35 and a 200 day simple moving average of $20.77. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.17.

Bridgestone Company Profile

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.