Bombardier (TSE:BBD.A) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Bombardier Inc. (TSE:BBD.AGet Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$177.42 and traded as high as C$194.43. Bombardier shares last traded at C$192.73, with a volume of 6,607 shares changing hands.

Bombardier Trading Down 1.2%

The stock has a 50-day simple moving average of C$177.42 and a two-hundred day simple moving average of C$137.02. The firm has a market capitalization of C$19.12 billion, a P/E ratio of 44.31, a price-to-earnings-growth ratio of 6.24 and a beta of 1.74.

About Bombardier

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Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

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