Bridgestone (OTCMKTS:BRDCY) Reaches New 52-Week Low – Here’s Why

Bridgestone Corp. (OTCMKTS:BRDCY) shares reached a new 52-week low on Tuesday . The stock traded as low as $9.15 and last traded at $10.42, with a volume of 159374 shares. The stock had previously closed at $10.60.

Analysts Set New Price Targets

Several brokerages have recently commented on BRDCY. The Goldman Sachs Group cut shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. Smbc Nikko Sec. cut shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, Zacks Research upgraded shares of Bridgestone from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. One research 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 company currently has a consensus rating of “Moderate Buy”.

Bridgestone Stock Performance

The firm has a market capitalization of $27.69 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.37 and a beta of 0.56. The company has a current ratio of 2.71, a quick ratio of 1.76 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average is $10.56 and its 200-day moving average is $12.90.

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 company 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. On average, analysts predict that Bridgestone Corp. will post 0.87 EPS for the current fiscal 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.