Bridgestone (OTCMKTS:BRDCY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Bridgestone Corp. (OTCMKTS:BRDCY) saw strong trading volume on Monday . 439,350 shares were traded during trading, an increase of 53% from the previous session’s volume of 288,055 shares.The stock last traded at $12.7950 and had previously closed at $12.92.

Wall Street Analyst Weigh In

Several brokerages recently commented on BRDCY. The Goldman Sachs Group cut Bridgestone from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Sanford C. Bernstein cut shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Bridgestone from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Bridgestone has an average rating of “Moderate Buy”.

Bridgestone Stock Performance

The company has a quick ratio of 1.83, a current ratio of 2.71 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $34.27 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.18 and a beta of 0.54. The company’s 50 day moving average is $11.45 and its 200-day moving average is $11.08.

Bridgestone (OTCMKTS:BRDCY) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.87 billion. As a group, equities analysts anticipate that Bridgestone Corp. will post 0.89 EPS for the current year.

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.