Bridgestone (OTCMKTS:BRDCY) Sees Strong Trading Volume – Here’s What Happened

Bridgestone Corp. (OTCMKTS:BRDCY) shares saw unusually-high trading volume on Wednesday. Approximately 270,736 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 267,506 shares. The stock last traded at $13.01 and had previously closed at $12.68.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BRDCY shares. Sanford C. Bernstein downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Zacks Research cut Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Four equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Bridgestone presently has an average rating of “Hold”.

Bridgestone Stock Performance

The company has a current ratio of 2.78, a quick ratio of 1.92 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $12.44 and a 200-day moving average of $11.48. The stock has a market capitalization of $32.76 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 1.11 and a beta of 0.57.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger cars, trucks, buses, motorcycles, aircraft, construction equipment, mining vehicles, agricultural machinery and other specialty applications. Its portfolio also includes retreaded tires and related services designed to support commercial and industrial fleets.

Founded in 1931 by Shojiro Ishibashi, Bridgestone has grown into a global mobility and materials company.