Bridgestone (BRDCY) Upgraded by Zacks Investment Research to “Hold”

Bridgestone (OTCMKTS:BRDCY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Bridgestone is involved in the Automotive Industry. Their printing system allows for the real time, on-site creation of vehicle registration forms and license decals on blank stock, including the imprinting of the vehicle license plate number on the decal. This on-demand printing capability allows Departments of Motor Vehicles to substantially reduce fraud and theft, increase revenue collection, and reduce personnel, inventory, and facility costs as a result of increased efficiencies. “

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Shares of OTCMKTS BRDCY opened at $22.02 on Friday. The firm has a market capitalization of $33,375.63, a PE ratio of 14.03, a P/E/G ratio of 1.35 and a beta of 0.55. Bridgestone has a fifty-two week low of $19.89 and a fifty-two week high of $25.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.22 and a quick ratio of 1.50.

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Bridgestone Company Profile

Bridgestone Corporation is engaged in developing, manufacturing and marketing tires and diversified products. The Company operates through two segments: Tires and Diversified Products. The Company’s Tires segment offers tires for passenger cars, trucks, buses, motorcycles, construction and mining vehicles, aircraft, and motor cycles, as well as tubes, wheels and related accessories.

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