Bridgestone (OTCMKTS:BRDCY) Sees Strong Trading Volume After Analyst Upgrade

Bridgestone Corp. (OTCMKTS:BRDCY) shares saw strong trading volume on Wednesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. 190,013 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 270,559 shares.The stock last traded at $11.89 and had previously closed at $11.77.

Separately, Smbc Nikko Sec. raised shares of Bridgestone to a “strong-buy” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Bridgestone Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 2.48 and a quick ratio of 1.66. The company has a market cap of $31.16 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.09 and a beta of 0.54. The firm has a 50 day simple moving average of $15.59 and a 200-day simple moving average of $20.30.

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.