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

Shares of Bridgestone Corp. (OTCMKTS:BRDCY) gapped down prior to trading on Wednesday . The stock had previously closed at $10.91, but opened at $10.62. Bridgestone shares last traded at $11.05, with a volume of 35,298 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BRDCY shares. CLSA upgraded Bridgestone to a “strong-buy” rating in a report on Wednesday, October 1st. Zacks Research lowered shares of Bridgestone from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Bridgestone Stock Performance

The business’s 50-day moving average price is $20.86 and its 200-day moving average price is $21.73. The stock has a market cap of $31.52 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.04 and a beta of 0.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.48.

Bridgestone Company Profile

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.