Bridgestone (OTCMKTS:BRDCY) Sets New 12-Month High - Time to Buy?

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 on Monday . The stock traded as high as $23.39 and last traded at $23.39, with a volume of 1153 shares changing hands. The stock had previously closed at $22.46.

Bridgestone Trading Up 0.1%

The company has a 50-day simple moving average of $20.82 and a two-hundred day simple moving average of $20.31. The company has a current ratio of 2.49, a quick ratio of 1.62 and a debt-to-equity ratio of 0.14.

Bridgestone (OTCMKTS:BRDCY - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $7.39 billion. As a group, 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.

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