Bridgestone (OTCMKTS:BRDCY) Hits New 12-Month High - Here's What Happened

Key Points

• Bridgestone Corp. shares reached a new 52-week high of $23.39 on Monday, marking a significant increase from their previous closing price of $22.46.
• The company's latest earnings report showed $0.20 earnings per share, which fell short of analyst expectations of $0.30, with revenue reported at $7.17 billion against forecasts of $7.39 billion.
• Bridgestone's current financial ratios indicate a strong liquidity position, with a current ratio of 2.49 and a low debt-to-equity ratio of 0.14.

Bridgestone Corp. (OTCMKTS:BRDCY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $23.39 and last traded at $23.39, with a volume of 1153 shares traded. The stock had previously closed at $22.46.

Bridgestone Trading Up 2.0%

The business has a fifty day moving average of $21.00 and a 200-day moving average of $20.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.49 and a quick ratio of 1.62.

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 company had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $7.39 billion. As a group, sell-side analysts forecast that Bridgestone Corp. will post 1.72 earnings per share for the current fiscal year.

About Bridgestone

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.