Bridgestone Co. (OTCMKTS:BRDCY) shares hit a new 52-week high during trading on Thursday . The company traded as high as $23.19 and last traded at $22.54, with a volume of 22614 shares traded. The stock had previously closed at $22.46.
A number of research analysts have issued reports on BRDCY shares. Zacks Investment Research upgraded Bridgestone from a “sell” rating to a “hold” rating in a research report on Tuesday, May 18th. The Goldman Sachs Group lowered Bridgestone from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.00.
The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.50 and a current ratio of 1.97. The stock has a market cap of $32.17 billion, a price-to-earnings ratio of 13.69 and a beta of 0.41. The firm’s fifty day simple moving average is $21.05.
Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. It operates through two segments, Tires and Diversified Products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, motorcycles, scooters, etc.; automotive parts; retreading materials and services; automotive maintenance and repair services; tire raw materials; and other tire-related products.
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