Bridgestone (OTCMKTS:BRDCY) Rating Increased to Strong-Buy at Smbc Nikko Sec.

Smbc Nikko Sec. upgraded shares of Bridgestone (OTCMKTS:BRDCY) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Separately, Zacks Research cut Bridgestone from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Bridgestone Stock Up 0.4%

OTCMKTS:BRDCY opened at $11.82 on Tuesday. 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 has a 12-month low of $8.82 and a 12-month high of $12.55. The stock’s fifty day simple moving average is $16.05 and its 200-day simple moving average is $20.42. The firm has a market capitalization of $31.54 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.10 and a beta of 0.54.

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.