Bridgestone (OTCMKTS:BRDCY) Sees Large Volume Increase - Should You Buy?

Key Points

• Bridgestone Corp. experienced a significant increase in trading volume, with 194,750 shares traded—up 138% from the previous session.
• The company reported $0.20 earnings per share, which fell short of analyst expectations of $0.30, along with revenues of $7.17 billion compared to estimates of $7.39 billion.
• Bridgestone has solid liquidity ratios with a quick ratio of 1.69 and a current ratio of 2.51, indicating a strong financial position.

Bridgestone Corp. (OTCMKTS:BRDCY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 194,750 shares traded hands during mid-day trading, an increase of 138% from the previous session's volume of 81,931 shares.The stock last traded at $23.59 and had previously closed at $23.10.

Bridgestone Stock Up 1.3%

The company has a quick ratio of 1.69, a current ratio of 2.51 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $22.48 and a 200-day moving average price of $21.18.

Bridgestone (OTCMKTS:BRDCY - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 research analysts expect 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.

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