Bridgestone (OTCMKTS:BRDCY) Shares Gap Down – Here’s What Happened

Bridgestone Corp. (OTCMKTS:BRDCY) gapped down before the market opened on Tuesday. The stock had previously closed at $12.04, but opened at $11.60. Bridgestone shares last traded at $12.06, with a volume of 1,379 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BRDCY. Sanford C. Bernstein cut Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Zacks Research raised shares of Bridgestone from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Bridgestone Price Performance

The stock has a market cap of $31.16 billion, a PE ratio of 18.85, a P/E/G ratio of 1.06 and a beta of 0.57. 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 moving average price is $12.50 and its two-hundred day moving average price is $11.31.

Bridgestone Company Profile

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.