Bridgestone (OTCMKTS:BRDCY) Shares Gap Down – Should You Sell?

Bridgestone Corp. (OTCMKTS:BRDCY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $13.59, but opened at $12.56. Bridgestone shares last traded at $12.94, with a volume of 37,363 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Zacks Research downgraded shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Sanford C. Bernstein downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Bridgestone Trading Down 1.8%

The company has a market cap of $33.55 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.19 and a beta of 0.62. The company’s 50 day moving average price is $12.42 and its 200 day moving average price is $11.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.92 and a current ratio of 2.78.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber products. Its offerings include tires for passenger cars, trucks, buses, motorcycles, aircraft, and off-the-road vehicles, as well as related tire and mobility services. Founded in 1931 by Shojiro Ishibashi, the company takes its name from an English translation of its founder’s surname. Bridgestone acquired the U.S. tire maker Firestone in 1988, expanding its operations and product presence in North America. Bridgestone serves customers worldwide through manufacturing, sales, and service operations across multiple regions.