Bridgestone (OTCMKTS:BRDCY) Stock Price Down 0.5% - Time to Sell?

Key Points

• Bridgestone Corp. (OTCMKTS:BRDCY) shares decreased by 0.5% during mid-day trading, with a last trading price of $23.10 after closing at $23.21.
• The company's recent quarterly earnings revealed an EPS of $0.20, which missed the consensus estimate of $0.30, and revenue fell short at $7.17 billion compared to the anticipated $7.39 billion.
• Equities analysts forecast that Bridgestone Corp. will achieve an annual EPS of 1.72 for the current fiscal year, indicating potential concerns about profitability in the near term.

Bridgestone Corp. (OTCMKTS:BRDCY - Get Free Report) shares were down 0.5% during mid-day trading on Monday . The company traded as low as $23.06 and last traded at $23.10. Approximately 136,215 shares changed hands during mid-day trading, an increase of 433% from the average daily volume of 25,535 shares. The stock had previously closed at $23.21.

Bridgestone Stock Down 0.5%

The stock has a 50-day moving average price of $22.48 and a 200-day moving average price of $21.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.51 and a quick ratio of 1.69.

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

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