Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – What’s Next?

Bridgestone Corp. (OTCMKTS:BRDCY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $11.89, but opened at $12.35. Bridgestone shares last traded at $11.92, with a volume of 15,179 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on BRDCY. Sanford C. Bernstein lowered Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group lowered Bridgestone from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. Finally, Zacks Research upgraded 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 assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Bridgestone Stock Performance

The firm has a market cap of $31.70 billion, a P/E ratio of 18.56, a PEG ratio of 1.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 2.71. The stock’s 50-day moving average is $12.38 and its 200 day moving average is $11.22.

Bridgestone Company Profile

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company produces tires for passenger cars, trucks and buses, motorcycles, aircraft, agricultural equipment, construction and mining vehicles, and other specialized applications. Its portfolio includes the Bridgestone and Firestone brands, as well as other regional and specialty brands.

In addition to replacement and original-equipment tires, Bridgestone provides automotive and commercial mobility solutions, tire-related services, fleet support, and systems designed to help customers monitor and manage tire performance.