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

Key Points

• Shares gapped up pre-market, opening at $10.60 after a $10.24 close; the stock last traded at $10.16 on a volume of 73,512 shares.
• Analyst activity shifted toward caution: Zacks upgraded Bridgestone to a Hold, SMBC Nikko cut it to Hold, and MarketBeat shows a consensus rating of Moderate Buy (one Strong Buy, two Holds).
• Valuation and technicals show a market cap of $26.95B, a P/E of 14.85 and PEG 0.96, while the stock trades below its 50‑day ($11.33) and 200‑day ($18.81) moving averages.

Bridgestone Corp. (OTCMKTS:BRDCY - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $10.24, but opened at $10.60. Bridgestone shares last traded at $10.16, with a volume of 73,512 shares traded.

Analysts Set New Price Targets

BRDCY has been the subject of a number of recent analyst reports. Zacks Research upgraded Bridgestone from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 18th. Smbc Nikko Sec. cut Bridgestone from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Bridgestone currently has a consensus rating of "Moderate Buy".

Bridgestone Price Performance

The company has a current ratio of 2.55, a quick ratio of 1.66 and a debt-to-equity ratio of 0.18. The business's fifty day moving average is $11.33 and its 200 day moving average is $18.81. The company has a market cap of $26.95 billion, a P/E ratio of 14.85, a PEG ratio of 0.96 and a beta of 0.52.

Bridgestone Company Profile

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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