Bridgestone (OTCMKTS:BRDCY) Reaches New 52-Week High – Still a Buy?

Shares of Bridgestone Corp. (OTCMKTS:BRDCY) reached a new 52-week high during trading on Friday . The company traded as high as $13.33 and last traded at $13.33, with a volume of 59137 shares traded. The stock had previously closed at $12.35.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BRDCY shares. Zacks Research raised shares of Bridgestone from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. The Goldman Sachs Group lowered shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Bridgestone Trading Up 5.8%

The firm has a market capitalization of $35.31 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 1.64 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.71 and a quick ratio of 1.83. The firm’s 50-day simple moving average is $11.14 and its 200 day simple moving average is $10.99.

Bridgestone (OTCMKTS:BRDCY) last issued its earnings results on Thursday, May 14th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. Equities analysts expect that Bridgestone Corp. will post 0.86 earnings per share for the current year.

About Bridgestone

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world’s largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company’s core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off‑the‑road equipment, and aircraft.