Bridgestone (OTCMKTS:BRDCY) Downgraded to “Sell” at Zacks Investment Research

Bridgestone (OTCMKTS:BRDCY – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.

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. “

Separately, The Goldman Sachs Group upgraded Bridgestone from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 12th.

Bridgestone stock traded up $0.08 during midday trading on Tuesday, hitting $19.84. The stock had a trading volume of 53,356 shares, compared to its average volume of 106,033. The company has a quick ratio of 1.62, a current ratio of 2.24 and a debt-to-equity ratio of 0.23. Bridgestone has a 12 month low of $17.24 and a 12 month high of $24.90. The business has a fifty day moving average price of $18.80 and a 200 day moving average price of $20.27.

Bridgestone Company Profile (Get Rating)

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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