Bridgestone (OTCMKTS:BRDCY) Reaches New 52-Week High - What's Next?

Key Points

• Bridgestone Corp. reached a new 52-week high at $24.54, with the last traded price at $24.01.
• The company reported $0.20 earnings per share for the last quarter, missing estimates by $0.10, and had a revenue of $7.17 billion, falling short of expectations of $7.39 billion.
• Bridgestone's financial ratios indicate strong liquidity, with a quick ratio of 1.69 and a current ratio of 2.51, while maintaining a low debt-to-equity ratio of 0.17.

Shares of Bridgestone Corp. (OTCMKTS:BRDCY - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $24.54 and last traded at $24.01, with a volume of 2370 shares trading hands. The stock had previously closed at $23.78.

Bridgestone Stock Performance

The business has a 50 day moving average price of $22.10 and a 200 day moving average price of $21.03. The company has a quick ratio of 1.69, a current ratio of 2.51 and a debt-to-equity ratio of 0.17.

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 the consensus estimate 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, equities analysts anticipate that Bridgestone Corp. will post 1.72 earnings per share for the current 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.