Bridgestone (OTCMKTS:BRDCY) Sets New 12-Month High - Here's Why

Key Points

• Bridgestone Corp. shares reached a new 52-week high of $23.69, closing at $22.66 with a trading volume of 737 shares.
• The company recently reported quarterly earnings of $0.20 per share, falling short of analysts' expectations of $0.30, with a revenue of $7.17 billion against estimates of $7.39 billion.
• Bridgestone maintains a debt-to-equity ratio of 0.17, indicating a strong balance sheet relative to its equity structure.

Bridgestone Corp. (OTCMKTS:BRDCY - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $23.69 and last traded at $22.66, with a volume of 737 shares trading hands. The stock had previously closed at $22.70.

Bridgestone Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 2.51. The firm's 50 day moving average is $21.26 and its 200-day moving average is $20.66.

Bridgestone (OTCMKTS:BRDCY - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.10). The firm had revenue of $7.17 billion during the quarter, compared to analyst estimates of $7.39 billion. As a group, equities analysts forecast that Bridgestone Corp. will post 1.72 earnings per share for the current year.

Bridgestone Company Profile

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and off-road mining vehicles, industrial and agricultural machinery, aircraft, motorcycles, scooters, and other vehicles; automotive parts; automotive maintenance and repair services; and raw materials for tires and other products.