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Bombardier (TSE:BBD.A) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Bombardier logo with Industrials background

Key Points

  • Bombardier Inc. shares exceeded their fifty-day moving average of C$142.44 during trading, reaching a high of C$168.42 on Thursday.
  • Despite the upward movement, Bombardier's stock is currently down 2.4%, with a market cap of C$2.05 billion.
  • The company specializes in aviation and has a global fleet of approximately 5,000 aircraft serving various customers including multinational corporations and private individuals.
  • Want stock alerts on Bombardier? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Bombardier Inc. (TSE:BBD.A - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$142.44 and traded as high as C$168.42. Bombardier shares last traded at C$165.72, with a volume of 5,913 shares.

Bombardier Price Performance

The company's 50-day moving average is C$147.33 and its 200-day moving average is C$107.52. The firm has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 6.24 and a beta of 2.98.

Bombardier Company Profile

(Get Free Report)

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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