Bridgestone (OTCMKTS:BRDCY) Stock Jumps 5.2% – Should You Buy?

Bridgestone Corp. (OTCMKTS:BRDCY)’s share price shot up 5.2% during mid-day trading on Thursday. The stock traded as high as $13.66 and last traded at $13.66. 26,143 shares were traded during mid-day trading, a decline of 90% from the average session volume of 261,346 shares. The stock had previously closed at $12.99.

Analysts Set New Price Targets

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

Bridgestone Stock Up 4.1%

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.78 and a quick ratio of 1.92. The company has a market capitalization of $34.92 billion, a P/E ratio of 21.12, a PEG ratio of 1.16 and a beta of 0.62. The company has a 50 day moving average of $12.42 and a 200-day moving average of $11.52.

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.