Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – Still a Buy?

Bridgestone Corp. (OTCMKTS:BRDCY) shares gapped up before the market opened on Monday. The stock had previously closed at $12.41, but opened at $13.12. Bridgestone shares last traded at $12.5570, with a volume of 346,049 shares.

Analyst Ratings Changes

Several analysts recently issued reports on BRDCY shares. Sanford C. Bernstein downgraded shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Zacks Research cut shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently 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’s 50-day moving average price is $12.39 and its two-hundred day moving average price is $11.46.

Bridgestone Company Profile

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.