Bridgestone (OTCMKTS:BRDCY) Shares Gap Down - Here's What Happened

Key Points

• Gapped down: Bridgestone shares opened sharply lower on Tuesday, falling from a $10.8150 close to a $10.29 open and last trading at $10.7641 on volume of about 35,041 shares.
• Analyst sentiment is mixed — one Strong Buy and two Hold ratings, with SMBC Nikko cutting to Hold and Zacks moving to Hold — giving the stock a consensus rating of Moderate Buy.
• Fundamentals show low leverage and solid liquidity (debt-to-equity 0.18, quick ratio 1.76, current ratio 2.55) and a market cap of $28.74B with a P/E of 15.84, while the share price sits below its 200‑day moving average ($17.18) but near its 50‑day ($11.10).

Bridgestone Corp. (OTCMKTS:BRDCY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $10.8150, but opened at $10.29. Bridgestone shares last traded at $10.7641, with a volume of 35,041 shares.

Wall Street Analysts Forecast Growth

BRDCY has been the topic of several analyst reports. Smbc Nikko Sec. cut shares of Bridgestone from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. Zacks Research raised shares of Bridgestone from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Bridgestone Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 2.55. The stock's fifty day moving average price is $11.10 and its 200-day moving average price is $17.18. The company has a market capitalization of $28.74 billion, a P/E ratio of 15.84, a PEG ratio of 1.05 and a beta of 0.58.

About Bridgestone

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world's largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company's core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off‑the‑road equipment, and aircraft.

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