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

Bridgestone Corp. (OTCMKTS:BRDCY)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Analysts Set New Price Targets

A number of analysts have issued reports on BRDCY shares. Zacks Research raised Bridgestone from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Smbc Nikko Sec. raised Bridgestone to a “strong-buy” rating in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

Bridgestone Stock Down 3.6%

The firm has a 50 day moving average of $14.01 and a 200-day moving average of $19.77. 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 stock has a market capitalization of $29.91 billion, a P/E ratio of 16.49, a price-to-earnings-growth 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.