Bridgestone (OTCMKTS:BRDCY) Stock Dropped to “Hold” by Zacks Research

Zacks Research downgraded shares of Bridgestone (OTCMKTS:BRDCY) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks reports.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group downgraded Bridgestone from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. Sanford C. Bernstein cut shares of 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 MarketBeat, the company presently has an average rating of “Hold”.

Bridgestone Price Performance

OTCMKTS:BRDCY opened at $12.04 on Tuesday. The firm’s fifty day moving average price is $12.49 and its two-hundred day moving average price is $11.34. 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 company has a market cap of $31.10 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.06 and a beta of 0.57. Bridgestone has a one year low of $9.15 and a one year high of $13.64.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger vehicles, trucks and buses, motorcycles, aircraft, agricultural equipment, mining and construction vehicles, and other commercial applications.

Beyond replacement and original-equipment tires, Bridgestone provides tire retreading, vehicle maintenance, and fleet-management services. Its broader business also includes industrial rubber products, materials, and mobility solutions designed to support transportation, manufacturing, construction, and other industries.

Founded in 1931 by Shojiro Ishibashi, Bridgestone is headquartered in Tokyo and serves customers through operations, manufacturing facilities, distribution networks, and retail channels across markets worldwide.